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*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

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How can we help you?

If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Income Tax Refund

If you filed for Bankruptcy in 2006 and receive an income tax refund for the 2005 tax year, do you turn it over to the trustee or is it yours to keep?

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One Response to “Income Tax Refund”

Barton Goth GCO Bankruptcy Trustees said...

Unless there is something unusual about your file you should be the one to receive any refund for 2006. Typically it is only the year of bankruptcy in which there is any impact on your taxes.