December 28th, 2010 by Questions
What types of income must be reported in a bankruptcy?
Posted from: British Columbi
December 29, 2010 at 9:15 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
You are correct that during a bankruptcy you safe required to report your income to your trustee. The Bankruptcy and Insolvency Act stipulates that this must be your “total income,” so there really are no exceptions to this. it doesn’t matter if the income is taxable or not, what the source of this income is for. If you have more specific questions about this you are best to discuss this directly with a local trustee, and they will help you to better understand this component of a bankruptcy.
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