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Thread: Bankruptcy and inheritence

  1. #1
    Junior Canuck
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    Does anyone know if you declare personal bankruptcy and then receive money from an inheritance does it have to be claimed as monthly income.. Thanks
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  2. #2
    Canadian Genius
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    Last edited by lecale; Mon, Jan 19th, 2015 at 04:09 PM.
    Insane and Darth Penguin like this.

  3. #3
    Junior Canuck
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    Quote Originally Posted by lecale View Post
    No you declare it to your trustee as one lump sum, they take it and use it to pay off your creditors, the remainder goes to you
    Thanks for the reply.

  4. #4
    Smart Canuck freefreefree's Avatar
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    good info
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