94 - What Happens When You Receive an Inheritance, Windfall or Your Income Increases While Bankrupt

Receiving money from an inheritance or some sort of random windfall is something we all dream about. But what happens when that dream becomes a reality and the money becomes payable to you when you are in Bankruptcy? And what happens if your financial situation improves while you are bankrupt?

These questions and more are answered by Julie Drane, Licensed Insolvency Trustee with Allan Marshall & Associates. Julie also discusses:

• Surplus income - how it is calculated and when it is payable
• Receiving an inheritance or windfall after filing a Consumer Proposal
• How to start rebuilding your credit score
• When it is advantages to switch from Bankruptcy to a Consumer Proposal 
• Changes to your Bankruptcy or Consumer Proposal if your income increases or marriage breaks up

Federally regulated, Licensed Insolvency Trustees are knowledgeable in all aspects of debt management and adhere to strict ethical guidelines. You can be assured you are receiving the best unbiased advice. 

Julie began her career in the insolvency industry in 1997 with Canada Trust, Citi Financial and then with a corporate trustee. She achieved her goal of becoming a Licensed Insolvency Trustee in 2008 and now focuses on consumer insolvency. 

Julie’s depth of knowledge and commitment to service allows her clients to find the best option for a fresh start. She is now working in the Victoria, BC offices.

• Allan Marshall & Associates Licensed Insolvency Trustee
• Surplus Income Payments: What Are They and How Do They Affect You?
• What Are the Bankrupt’s Duties?