Today 07/30/2010
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Bankruptcy Ontario: Free Information about Bankruptcy in Ontario

After filing for Bankruptcy and Win the Lottery

Question: What happens if you win a lottery after you’ve filed and been discharged from personal bankruptcy? Didn’t seem to find this question on your Bankruptcy Ontario FAQ section.

Answer: If you win the lottery while you are bankrupt (before you are discharged), the trustee will seize the lottery winnings and distribute the money to your creditors. If you win more than you owe, the trustee would return the difference to you, since all your creditors would have been paid in full.

If you win the lottery after you have been discharged from bankruptcy, the money is yours to keep.

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