WHAT HAPPENS IF I RECEIVE A PAY EQUITY LUMP SUM PAYMENT?
April 24th, 2009 by Questions
I am in bankruptcy at the moment and I have just received back pay ( a Pay Equity Lump Sum Payment) from my employer for the sum of about $2,000.
Am I entitled to keep 50% of the cheque as a surplus of income or is the monies considered to be a windfall?
Posted from: British Columbia
One Response to “WHAT HAPPENS IF I RECEIVE A PAY EQUITY LUMP SUM PAYMENT?”
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.
April 25, 2009 at 11:57 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
You should check with your trustee but It likely will be considered income as it is related to your employment and as a result you will get to keep approx. 50% of it as per the Superintendent Guideline.