FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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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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Property Taxes during Bankruptcy

If I owe property taxes, can bankruptcy save me from paying them while I am in bankruptcy?

Posted from: Ontario

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One Response to “Property Taxes during Bankruptcy”

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

No the filing of a bankruptcy cannot assist you with your property taxes, as long as you are planning on staying in the property. Your property taxes are associated with your house and if not paid essentially constitution a second charge against your house, therefore they operate much like a second mortgage.

What the filing of a bankruptcy can assist with is dealing with any of your other debts and thereby freeing up cash with which you can make your property taxes.