mr. gilles charest
I ave a question about cpp long term disability when u do a bankruptcy.if i apply for the cpp in may 2011 and if i get retroactive payment from cpp.is the bankruptcy is in title of the amownt i get from them.ps.My bankruptcy was dated june the 14th 2013 of this year. thank you hope u can answer my question.
Posted from: New Brunswick
You want to look up Directive 11R2 2012 – Surplus Income. It will explain how this retro-active payment will be handled. Basically, some portion is going to have to be paid to your trustee for the benefit of your creditors. The reasoning goes something like this, if you had received the money when it was due you either would have used some to reduce your debt or you may not have accumulated as much debt.