WSIB and Bankruptcy

January 20th, 2016 by Questions

If I lose my final WSIB appeal and they drop my level of impairment from the current 35% to the original 18% I’ve been been told I would have to repay the lump sum NEL plus the difference between the 18% impairment and the 35% impairment for the years I’ve been collecting WSIB. This payment alone would force me into bankruptcy. Would this debt be discharged upon declaring bankruptcy?

Questions

One Response to “WSIB and Bankruptcy”


January 21, 2016 at 11:33 am, Desmond West-Chow, CIRP, Trustee said:

I believe this would be discharged in bankruptcy as there is a very specific list of debts not discharged. The debts that are not discharged include debts resulting from: fines; lawsuits from assault-like charges; support payments; fraud; and some student loans. This is a very brief explanation of the particular section of the Bankruptcy and Insolvency Act, so it’s always a good idea to sit down with a local trustee to review your situation in more detail.

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