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Gifts

I am a undischarged bankrupt. If my wife (non bankrupt) was to receive a monetary gift from her parents, would my trustee need to be advised and would this be considered as a windfall or factored into household income? Thank you

Posted from: British Columbia

One Response to “Gifts”

A licensed trustee said...

You are only required to disclose yuor wife’s income – not her “gifts” or other windfalls. It should not be factored into the household income.