child support
My common law girlfriend is about to go through a bitter child support fight with her ex. if she wins she will be entitled to a possible substantial sum of money. As it would be considered household income would I still be penalized for it? Also would it automatically extend my bankruptcy? amount would be in excess of $5000.
Posted from: Ontario
If she receives the payment as monthly support then the amount will be added to your household income. If it is a lumpsum award then it probably won’t be classed as surplus – this is the sort of thing you want to discuss with your trustee BEFORE you file. That way there won’t be any surprises…