Statutory Debts

Statutory debt means debts that have been created by other Statutes. For example, income tax debt under the Tax Act, GST debt under the Excise Act, payroll deductions, PST, WCB. These debts have different priorities and differing treatment in a bankruptcy and in a proposal. If you would like to discuss the specifics of the debt you are referring to, please don't hesitate to send me a confidential email. Donna Carson, CGA, CIRP, Trustee Calgary, Airdrie, Drumheller 403.537.7657  or  1.877.500.0792 [email protected]