What Happens If I Win the Lottery When I Am In Bankruptcy?

What Happens If I Win the Lottery When I Am In Bankruptcy?

Here’s a question I hear almost every day.  What happens if I win the lottery when I am in bankruptcy? The answer is that you don’t get to keep it.  If you are bankrupt it is considered an asset and the trustee has to step in.  Your debts are paid off and you get to keep…

Are Government Overpayments Included in Bankruptcy?

Are Government Overpayments Included in Bankruptcy?

A government overpayment is where the federal or provincial government paid you a benefit, and then they come back later and say that they paid you too much.  And now they want it back. The most common examples are employment insurance, child tax benefit (AKA “baby bonus”) and the GST/HST credit. If you were eligible…