2025-10-17
How buyer’s remorse laws can help you stay out of debt
This is called buyer’s remorse. In some cases, Canadian law provides protections that can help you reverse these costly decisions and avoid sinking further into debt.
Who Gets The Tax Refund In A Bankruptcy
2012-03-11
Refunds for the year you declared bankruptcy and for any previous years have to go into your bankruptcy for the creditors. This is a legal requirement under bankruptcy law in Canada. Canada Revenue Agency is required to send the refunds directly to your trustee. So, if you declared bankruptcy in 2010, you will lose any refunds for 2010 and previous years, but your 2011 tax refund belongs to you (unless there was a court order in your bankruptcy saying otherwise). Judy Scott - Trustee British Columbia - Lower Mainland [email protected]
Latest Blog Posts
2025-10-13
Managing debt through divorce: What to consider
Debt Solutions Lifestyle Debt
When relationships end, shared debt can become a lasting burden. Here’s what to know about your responsibilities, risks, and financial options.
2025-10-06
Ontarians face ‘heat or eat’ decisions as financial strain deepens
MNP Consumer Debt Index
Ontarians’ financial vulnerability is intensifying as persistent economic uncertainty, concerns about borrowing costs, and employment anxiety weigh on household confidence.
