2011-01-28
Hello, This is a good question as there is a common misconception that income tax debt is not discharged or "forgiven" in bankruptcy. Income tax debt is in fact extinguished in bankruptcy. One exception would be if you owe a substantial amount to Revenue Canada for an income tax debt and they have registered a Certificate of Judgment on your property. If this has occurred, the judgment remains enforceable and essentially has the effect of a mortgage on your property (i.e. the debt would have to be paid before the judgment would be removed). Brad Milne, CIRP Trustee in Bankruptcy Brandon, Manitoba
2025-08-05
Bankruptcy Consumer Proposal
Losing your job can be frustrating and, even more so, managing your financial wellbeing while you’re unemployed. However, you can successfully navigate the situation with the right budgeting tips.
2025-08-04
Since it’s impossible to predict or prevent most medical conditions or emergencies, the best way to handle them is by planning and preparing for them.
2025-08-01
If you are considering filing for Bankruptcy, it is important to understand the impact on your employment and salary.
