windfalls - Consumer Proposal & Bankruptcy

9 Reasons to File a Consumer Proposal instead of Personal Bankruptcy

June 6, 2020

Filing a consumer proposal can have significant advantages compared to filing personal bankruptcy when you are feeling overwhelmed with debt.

Receiving a Windfall While Bankrupt

May 12, 2015

Any assets or property that you receive or become entitled to receive, before your discharge from bankruptcy, can be seized by the trustee and distributed to your creditors. As a bankrupt, you must report any windfalls to your trustee and failure to do so could cause difficulties in obtaining your discharge from bankruptcy or even after you have received your discharge.