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Liens can significantly impact property ownership in Canada, often catching homeowners off guard. Understanding liens—what they are, the types that exist, and who can place them on your property—is crucial for any homeowner. This article unpacks the complexities of liens, explores potential lien holders, and discusses the consequences they can have on property sales. It […]

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workplace

i would like to know is when i file bankruptcy is my workplace has to know.or will know?

Posted from: Ontario

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One Response to “workplace”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

It is very unlikely that your employer will be contacted if you file for bankruptcy reform. There really are only a handful of times it would be necessary to contact an employer, the most common of which would be:

1. If you fail to provide tax information to your trustee;

2. If you neglect to submit income verification with your income and expense statements;

3. If you are currently subject to a wage garnishment and your trustee needs to inform them of the bankruptcy and the associated court protection that removes your creditors ability to collect on their debts.