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

"*" indicates required fields

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

This field is hidden when viewing the form

Source

How can we help you?

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

This field is for validation purposes and should be left unchanged.

Select Trustee By Province

CPP Disability Payment

I`ve been accepted for a CPP Disability. They are giving me a back pay of $10 thousand. Will I lose this to my creditors?? I`ve already declared bankruptcy 5 months ago.

Posted from: Ontario

Share this post:

X (Twitter) Facebook LinkedIn Email

One Response to “CPP Disability Payment”

A licensed trustee said...

You will certainly lose a portion of it. The reasoning is fairly straightforward – if you’d received the money earlier you may not have incurred as much debt or you may have used a portion to make payments towards your debts.

Give your trustee a call so that you can discuss this matter with them. Without a detailed knowledge oif your file, I can’t really give you specific advice or tell you how much of the retro-active payment you may be required to pay to your trustee for the benefit of your creditors.