are debts owed to CRA treated the same as other debts
December 26th, 2005 by Questions
In a personal bankruptcy, if there is an amount owing to CRA, is that amount treated the same as other debt (ie. credit card debt, mortgage)?
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December 28, 2005 at 9:06 am, A licensed trustee said:
Yes in a personal bankruptcy in Canada debts owed to Canada Revenue Agency (formerly Revenue Canada) are treated the same as other debts.