Comments on: CPP Disability Payment http://www.bankruptcy-canada.ca/what-i-keep-or-lose-in-bankruptcy-in-canada/2010/01/cpp-disability-payment.html Personal Bankruptcy Canada Blog Fri, 10 Feb 2012 15:23:44 +0000 hourly 1 By: Ted Michalos, CA trustee http://www.bankruptcy-canada.ca/what-i-keep-or-lose-in-bankruptcy-in-canada/2010/01/cpp-disability-payment.html#comment-113289 Ted Michalos, CA trustee Mon, 25 Jan 2010 11:30:06 +0000 http://www.bankruptcy-canada.ca/what-i-keep-or-lose-in-bankruptcy-in-canada/2010/01/cpp-disability-payment.html#comment-113289 You will certainly lose a portion of it. The reasoning is fairly straightforward - if you'd received the money earlier you may not have incurred as much debt or you may have used a portion to make payments towards your debts. Give your trustee a call so that you can discuss this matter with them. Without a detailed knowledge oif your file, I can't really give you specific advice or tell you how much of the retro-active payment you may be required to pay to your trustee for the benefit of your creditors. You will certainly lose a portion of it. The reasoning is fairly straightforward – if you’d received the money earlier you may not have incurred as much debt or you may have used a portion to make payments towards your debts.

Give your trustee a call so that you can discuss this matter with them. Without a detailed knowledge oif your file, I can’t really give you specific advice or tell you how much of the retro-active payment you may be required to pay to your trustee for the benefit of your creditors.

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