Reporting Monthly Income And Expenses

2009-11-25

Hello, It appears that you are referring to an individual's responsibility to report their monthly income and expenses while in bankruptcy.  In accordance with Directive 11R2 - Surplus Income, which is issued by the Office of the Superintendent of Bankruptcy, an individual must report the monthly earnings and expenses of each member of the family unit for the entire period of bankruptcy.  The family unit includes, in addition to the individual in bankruptcy, any persons who reside in the same household and who benefit from either the expenses incurred or income earned by the bankrupt, or who contribute to such expenses or earnings. Brad Milne, CIRP Trustee in Bankruptcy Brandon, Manitoba

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