How much can the trustee take?

In the event that the bankrupt is eligible to receive a disability tax credit for income tax returns from the taxation years before the date of filing the bankruptcy then the total amount of the funds will be sent to the Trustee as part of the bankruptcy estate. It is impossible to know what will happen to these funds without having more information about the bankruptcy estate itself. In general, the creditors are entitled to receive the full amount owed with interest at a rate set by the Courts of Justice Act in your province. Funds are usually not distributed until the administration of the estate is complete.

Your friend may receive a portion of these funds back if his creditors did not all file the appropriate paperwork to receive funds from the bankruptcy or if the bankruptcy estate has other funds available from current tax returns or voluntary payments. These are just some considerations that will affect whether your friend will receive any of these funds. The Trustee that is responsible for the bankruptcy will be able to provide a more specific answer to this question.