Child Tax Credit lump sum
I have just received a lump sum, back payment from Child Tax Credit. Will I be required to give it all to the trustee? How will this affect my “surplus income” calculation?
Posted from: Alberta
I have just received a lump sum, back payment from Child Tax Credit. Will I be required to give it all to the trustee? How will this affect my “surplus income” calculation?
Posted from: Alberta
A lump sum payment of pre-bankruptcy income can be quite a complicated thing to calculate. First, it won’t impact your surplus income payment but you will definitely loose a part and potentially all of it. What you need to do is contact your trustee and they will walk you through how this is treated.