November 16th, 2009 by Questions
will it be a surplus income if I received a lump sum during the 9 month period?
Posted from: Ontario
November 17, 2009 at 9:32 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
This really depends on the nature of the payment. If it is related to your income (i.e. a bonus) then yes and the result is you would be able to keep 1/2 of it (due to the Superintendent’s surplus income provisions), if it is not related to your income you may loose the entire amount (i.e. lottery winning, or inheritance).
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