2009-02-03
Author: Donna Carson
Your Trustee would be realizing on certain assets during your bankruptcy, defined as "Property of the Bankrupt." This property does not include any assets, which are determined to be exempt. And certain GST cheques are exempt, others are not. If they are exempt...you would receive them back. But if they are non-exempt or if you signed them over to your Trustee...you would not receive them back.
So, the question you need to find out is whether or not your GST cheques were exempt. I'm not able to answer that part for you without information about your bankruptcy. If you have your bankruptcy documents, you could contact one of our Trustees in your region. Otherwise, you should contact your Trustee directly to find out if these cheques were exempt or not.
CIRP, LIT, CPA
Senior Vice President
Servicing: Calgary (Downtown), Red Deer, Drumheller, Calgary (NE), Airdrie
2025-04-25
Debt collection can be a daunting experience for many Canadians. Navigating the process alongside MNP’s team of experts can help you better understand how it will impact your credit score and gain the knowledge needed to maintain your financial health well into the future.
2025-04-25
Bankruptcy
Filing for Bankruptcy is a significant decision that can provide a fresh start for Canadians overwhelmed by debt. However, it’s essential to approach this process with caution and awareness to avoid common pitfalls and make informed decisions to protect your financial future.
2025-04-24
Filing a Consumer Proposal can feel overwhelming, but it’s not the end of your financial journey.
