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Consumer Proposal And Winfall

If during my Cunsumer Proposal I come in to a large sum of money can they come after me for it, or is it all mine to put in a savings account or whatever I want?

Posted from: Ontario

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One Response to “Consumer Proposal And Winfall”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

As long as this money coming in is a complete surprise then you shouldn’t have any problems with your consumer proposals and the money is yours to keep.

The only time this may cause a problem is if you knew this money was coming at the time you made the proposal. If this is the case you have a legal obligation to discuss it with your trustee.