Notice of Objection CCRA
CCRA is saying I owe them 150,000 HST on a business deal that happened in the USA. I filed a Notice of Objection last year. The Objection has not yet even been assigned a case worker and I am told they are at least 1 year behind. In the meantime I am being forced to pay 625 per month and when (not if) I win my objection funds come back to me. Question. These payments are forcing me into bankruptcy when combined with my other bills. Will a bankruptcy speed up my Objection hearing? and when (not if) I win can I then reverse bankruptcy and continue making regular payments on my other loans?
Filing for a bankruptcy shouldn’t have and effect on the timing of the Objection hearing. CRA treats these as separate and distinct issues so one will have very little impact on each other. As for reversing a bankruptcy, this is very difficult to do and I would highly doubt it would be done in your situation. There is a much greater likelihood that you will stay in bankruptcy and have to fulfill all obligations under the Bankruptcy and Insolvency Act.