non-economic loss cheque from WSIB claim
July 16th, 2015 by Questions
I am in the middle of a 2nd bankruptcy, last expense form I will fill out is Aug 2015. I just received a non-economic loss cheque from WSIB claim for a permanent impairment to my hands. “Do I have to report this on my income statement to the trustee?”
I ask because it did state on your website that a Non-economic loss does not have to be declared. But I may have taken it out of context so I want to double check. I also read that some disability payments are exempt from income. I am so worried that this cheque will put me into a surplus income and will, in turn, extend my bankruptcy. I was also just recently in a major car accident and could use the money. I am afraid to cash and spend it for fear of owing the money to a creditor.