Bankruptcy and Taxes

September 20th, 2011 by Questions

Does personal bankruptcy affect money owed in taxes? Do I still have to pay even if unable to do so?

Posted from: Alberta


One Response to “Bankruptcy and Taxes”

, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

Filing a bankruptcy will clear you from all your personal tax obligations up to and including the date you file for bankruptcy. So you won’t have to worry about the monies owed prior to filing the bankruptcy but you will want to make sure you stay current after you file the bankruptcy so that these problems don’t continue to plague you.

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