pst & gst

December 30th, 2009 by Questions

I am considering declaring bankruptcy on my company. How does the government handle any outstanding monies owed to these agencies?

Posted from: Ontario

Questions

One Response to “pst & gst”


December 30, 2009 at 1:11 pm, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

Both GST and PST are debts that as a director you are personally liable for. So if you file a corporate bankruptcy this director liability still survives. Meaning both these creditors do not die with the corporation you will have to make arrangments to continue to pay these personally.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)