benificary?
September 26th, 2007 by Questions
If I come into unexpected money from being a benifcary in a will…Will that money be taken from me if I am in a comsumer proposal, or if I claim bankruptcy?
One Response to “benificary?”
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.)
You must be logged in to post a comment.
September 27, 2007 at 10:34 am, Barton Goth GCO Bankruptcy Trustees said:
In a bankruptcy yes, that money will immediately vest in the trustee. As for a proposal, there is no automatic vesting of assets so as long as you had no real guarantee the funds were going to be coming in then you don’t have to factor it in when putting forward the propsal. But be sure to discuss this and the liklihood of this with your trustee prior to filing any official documents.