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).
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).