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CPP LTD in Bankruptcy

Does Bankruptcy affect my CPP LTD-Long Term Disability i have received for the past 7 years?

Posted from: Manitoba

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One Response to “CPP LTD in Bankruptcy”

Jillian Taylor-Mancusi, Trustee | B.A. | C.I.R.P said...

While most pensions are exempt in bankruptcy once you start to receive the funds they become income. I am assuming that you are receiving the CPP LTD monthly. The amount you are receiving would be considered income in a bankruptcy. Therefore depending on the amount you receive together with your household size and household income you may have surplus income to the bankruptcy estate each month.