January 8th, 2014 by Questions
Does Bankruptcy affect my CPP LTD-Long Term Disability i have received for the past 7 years?
Posted from: Manitoba
January 08, 2014 at 10:10 am, Jillian Taylor-Mancusi, Trustee | B.A. | C.I.R.P said:
While most pensions are exempt in bankruptcy once you start to receive the funds they become income. I am assuming that you are receiving the CPP LTD monthly. The amount you are receiving would be considered income in a bankruptcy. Therefore depending on the amount you receive together with your household size and household income you may have surplus income to the bankruptcy estate each month.
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