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BC Family Bonus

If I declare bankrupcy (just myself, not my spouse), what happens to the money that we received from the government from the BC Family Bonus program and the Universal Child Care Benefit?

Posted from: British Columbia

One Response to “BC Family Bonus”

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

You will want to confirm this with a local trustee , but I would expect that both of of these amounts will be exempt from seizure, you will continue to receive them, but they will be included with the rest of your income for the purposes of the surplus income calculation that must be done to determine what the cost of a bankruptcy will be.