Child Tax Credit lump sum
April 30th, 2012 by Questions
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
One Response to “Child Tax Credit lump sum”
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 30, 2012 at 8:58 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
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.