Money Owed to CRA

June 7th, 2006 by Questions

Will the CRA usually oppose a discharge if the debt owed to them was included in teh bankruptcy? If yes, is there a minimum amount before opposing?

Questions

One Response to “Money Owed to CRA”



June 07, 2006 at 12:14 pm, Barton Goth, GCO Inc. Bankruptcy Trustees said:

CRA is one of those creditors that will often oppose, but for them to do so the tax debt typically will have to represent a significant portion of the overall debt and be more than a nominal amount. Unfortunately I can’t give you threshold amount as each case is very unique and from what we have seen there is no clear rule of thumb. If you have concerns about a potentially opposition and how likely it is I suggest you discuss this with your trustee.

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