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

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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 Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Income during bankruptcy

I have been bankrupt for approximately 6 months and received disability benefits during that time. I now am returning back to work but as a result will have only approximately 700.00 in June for earnings and my disability benefits for June do not come in until early July. Thus my income will include 2 pay periods and my June disabilty benefits top up. Can I declare these late for June as this is when the income is for?

Posted from: British Columbia

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One Response to “Income during bankruptcy”

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

You need to declare the income in the month it was received. But discuss it with your trustee, likely they base your bankruptcy payments on your average income, so you won’t see any major change.