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I am overseas with a large outstanding debt to CRA, as a result of leaving my taxes starting with a large inheritance for 8 years without filing. I have lived in Canada in the last 8 months. I am coming back and have decided that filing for bankruptcy is my best option, from the research i have done. My question is If i come all the way back to file for bankruptcy will their be some pitfall that disables my eligibility to claim bankruptcy and have a fresh start?

Posted from: British Columbia

One Response to “brighterfuture”

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

Qualifying to file for a bankruptcy is very straightforward and I don’t anticipate any pitfalls. As long as you re-establish residency here in Canada (or have resided in Canada within the last 12 months), owe greater than $1,000 and are unable to pay your debts as they become due, then you have nothing to wory about.