Senior Thinking Of Bankruptcy

June 18th, 2011 by Questions

I’m 65 but working still. Is age taken into account if I declare bankruptcy? Will my CPP be taken too?

Posted from: Ontario

Questions

One Response to “Senior Thinking Of Bankruptcy”



June 18, 2011 at 9:16 am, A licensed trustee said:

Your age does not affect the bankruptcy process and your pensions will not be taken from you. Pension incomes are included in the determination of your income and that does have a direct impact on what your payments will be during your procedure. Ask your trustee to explain this in detail BEFORE you file.

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