December 2nd, 2009 by Questions
Can the tax refund for the 2009 be offered as a part of the credit proposal payment,or it automaticaly goes to trustee?
Posted from: Ontario
December 03, 2009 at 9:06 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
With a consumer proposal the tax refunds are not automatically lost as they are in a bankruptcy and there is nothing preventing you from offering the tax refund to your creditors as part of the proposal. The difficulty in doing so is that there is no certainty of the amount you are going to receive, so how influential this will be to creditors is questionable.
Log in to Reply
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.)
You must be logged in to post a comment.