income tax and personal bankruptcy

March 19th, 2012 by Questions

if i declare personal bankruptcy, what are the arrangements with revenue canada? what if i owe them money at the time of bankruptcy?

Posted from: Ontario


One Response to “income tax and personal bankruptcy”

, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

The rules with taxes and a bankruptcy are very straightforward. If there is anything owing up to the date of the bankruptcy for taxes, it is automatically cleared by the bankruptcy.

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