June 15th, 2007 by Questions

I have 2 companies, 1 is doing well but the other owes 100K gst/pst, the truste told me I would be better to go personal bankrupt, what happens to my other company, is it affected in any way?


One Response to “corporate”

, A licensed trustee said:

The things that you own (like your companies) are not directly affected when you file a proposal so the other company should be fine.

If you are the director of the “dying” company and it owes $100K in GST then you personally owe $100K in GST. If that’s true then you are not eligible to file a consumer proposal – you may want to go and speak to your trustee again about your situation…

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