Today 07/30/2010
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Pension and bankruptcy

What happens to your ex’s pension (OMERS Pension) when he declares bankruptcy in the middle of your separation and then you declare it 6 years later?

One Response to “Pension and bankruptcy”

  1. J. Douglas Hoyes, CA, Trustee says:

    In most cases pensions are exempt in a bankruptcy, meaning that the bankrupt does not lose their pension. However, each month you are bankrupt you are required to report your income to the trustee, and if your income is above a limit set by the government you are required to make additional contributions to your bankruptcy estate. This is a complicated area of bankruptcy law, so we suggest you
    you contact a trustee for more details.

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