Win money in contest during bankruptcy

September 13th, 2010 by Questions

If I won money in a contest just before, or just after I filed for bankruptcy, would I get to keep the money?

Posted from: Ontario

Questions

One Response to “Win money in contest during bankruptcy”



September 13, 2010 at 8:41 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

If you win money either immediately before filing bankruptcy in Canada
or during a bankruptcy, you will loose this money and it will create a disbursement that will go to your creditors.

For reference, you have a legal obligation to disclose this to your trustee and failure to do so may make you ineligible to be discharge.

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