FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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taxes

My only debt is to the Goverment, I owe a few years of income taxes, I took some bad advice and my employer paid me through a incorporated business name I had for a business I was not operating but had not dissolved. I dont have any saving to pay? wILL DECLARING bancruptcy affect me personaly. thanks Jill

Posted from: Ontario

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One Response to “taxes”

A licensed trustee said...

I’m sorry – are you asking if you can file for bankruptcy for the corporation instead of personally? If you are the answer is yes, a business bankruptcy will affect you personally in that as the director of your corporation you are personally responsible for all government debts.

Unfortunately what you really need to speak to someone about is your personal situation (for the same reason – as a director you are personally liable to pay the government).