inheritance in consumer perposal

December 14th, 2009 by Questions

if i recieve an inheritance during a consumer perposal do keep the money or tell my trustee about it

Posted from: Ontario

Questions

One Response to “inheritance in consumer perposal”


December 15, 2009 at 9:05 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

As long as you didn’t know about the inheritance or were expecting the inheritance at the time the consumer proposal was filed, then this is pretty clean. The money from the inheritance would be yours, you do not have to give it to your trustee but I would strongly suggest you use the funds to pay the proposal down with all or a portion of the money. That way you will be able to put the whole situation behind you as quickly as possible and move on to rebuilding your credit.

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