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]
2025-04-25
Debt collection can be a daunting experience for many Canadians. Navigating the process alongside MNP’s team of experts can help you better understand how it will impact your credit score and gain the knowledge needed to maintain your financial health well into the future.
2025-04-25
Bankruptcy
Filing for Bankruptcy is a significant decision that can provide a fresh start for Canadians overwhelmed by debt. However, it’s essential to approach this process with caution and awareness to avoid common pitfalls and make informed decisions to protect your financial future.
2025-04-24
Filing a Consumer Proposal can feel overwhelming, but it’s not the end of your financial journey.
