FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

Total Unsecured Debt*

*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

This field is hidden when viewing the form

Source

How can we help you?

If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Super Intendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

This field is for validation purposes and should be left unchanged.

Select Trustee By Province

Scholarship income

I received a $10 000 fellowship for a university program prior to declaring bankruptcy that is paid in 3 installments, two of which occur during the bankruptcy. Are these subsequent installments counted as monthly income subject to surplus, or as a pre-bankruptcy income entitlement. My non-fellowship income is below the superintendents standard

Posted from: Ontario

Share this post:

X (Twitter) Facebook LinkedIn Email

One Response to “Scholarship income”

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

Any monies received during the term of bankruptcy are considered income and subject to the surplus income provisions. In this example it is the date this money is received that is important, not the date you became aware of it.