Child Tax Credit lump sum

April 30th, 2012 by Questions

I have just received a lump sum, back payment from Child Tax Credit. Will I be required to give it all to the trustee? How will this affect my “surplus income” calculation?

Posted from: Alberta

Questions

One Response to “Child Tax Credit lump sum”


April 30, 2012 at 8:58 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

A lump sum payment of pre-bankruptcy income can be quite a complicated thing to calculate. First, it won’t impact your surplus income payment but you will definitely loose a part and potentially all of it. What you need to do is contact your trustee and they will walk you through how this is treated.

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