bankruptcy on an incorporated company
May 22nd, 2010 by Questions
I am the sole owner of an incorporated company, I owe around $20,000 in payroll for 2007 that I have not yet paid, GST and PSt and others Totalling around $55,000. I Personally owe $8800 to visa, $2000 in overdraft and a $6000 loan to the bank. I also have a car loan of about $15000 that I would Like to Keep. If I were to go bankrupt personally and for the business would I be protected from legal issues and can I file them together or seperate and how much would it cost? I also make around $60,000 a year as of now and am the only worker of the family of three.
Posted from: Ontario