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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

if income tax owes you money does the money go to the debtors.

Posted from: British Columbia

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One Response to “income tax”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

Yes, if you file bankruptcy you loose any tax refunds or GST cheques for the current year, or for any year prior to that and the proceeds will ultimately go to create a benefit to your creditors.