monthly child tax credit and bankruptcy in Newfoundland
Question: If a person files for bankruptcy....can they take away the children's child tax credit that they get monthly....???Answer: No, if you are receiving child tax credits now, you will continue to receive them once you are bankrupt. However, when you are bankrupt, if your family income exceeds a certain amount, the amount you are required to pay while bankrupt, called surplus income, goes up. Your trustee can explain that process in more detail when you meet.
Labels: bankruptcy
posted by Questions @ 11:06 AM
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