Disability Insurance & Bankruptcy

February 25th, 2009 by Questions

I`m on disability through the province and Canada Pension Plan. My income is below the surplus amount. Do you know if my disability benefits will be affected by bankruptcy?
My payments are up to date because I pay my rent with my credit card and I use my rent money to pay my credit card bill. Do I have to be missing payments to file bankruptcy? I have been struggling with this debt for years and it just keeps getting bigger and bigger and now I don`t know what to do other than bankruptcy.

Posted from: British Columbia


One Response to “Disability Insurance & Bankruptcy”

, A licensed trustee said:

Your disability will not be affected if you file for bankruptcy (or a consumer proposal).

You do not have to have missed (skipped) any payments in order to file for bankruptcy.

Use the links on this page to find a trustee in your area and ask them about being “creditor proof” before you decide to file. Since you are on pensions it may be that bankruptcy won’t be necessary to solve your problem…

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)