http://www.bankruptcy-ontario.org/uncategorized/2006/11/pension-and-bankruptcy.html Mon, 23 Jan 2012 18:51:03 +0000 hourly 1 http://www.bankruptcy-ontario.org/uncategorized/2006/11/pension-and-bankruptcy.html/comment-page-1#comment-21 J. Douglas Hoyes, CA, Trustee Thu, 23 Nov 2006 21:52:26 +0000 http://www.bankruptcy-ontario.org/?p=91#comment-21 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 <br/>you <a HREF="http://www.bankruptcy-ontario.org/askus.htm" REL="nofollow" rel="nofollow">contact a trustee</a> for more details. 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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