Oweing LARGE amt to CRA
December 21st, 2007 by Questions
New Bankrupcy Law
On your web-site it states that 1 of the new laws will be :
1) Large tax debts may cause a longer bankruptcy.
I have about $140K owing to CRA, but it is for not filing my taxes for about 7 years, due to special circumstance. I have applied for FAIRNESS consideration for these 7 years and was given 4 years worth.
Even after that, I still owe about $140K
Will my bankrupcy last longer for 9 months and if so, how long do you think it will last.
What is it based on ?