2025-06-30
Who Can File For Bankruptcy
Bankruptcy
There are several common scenarios which may cause you to wonder whether personal bankruptcy is an appropriate option to get out of 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]
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