March 22nd, 2013 by Questions
I’m a teacher at a public school in BC. If I declare personal bankruptcy, will I lose my pension? Thank you
Posted from: British Columbia
March 22, 2013 at 12:47 pm, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
Pensions are an asset type that are protected, or considered exempt when you file for bankruptcy. So you don’t lose the pension. However, if you are receiving the pension each month and using it to live on, the monthly amount you receive is considered income and used to determine the cost and length of a bankruptcy.
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