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]
2026-07-13
MNP Consumer Debt Index
Atlantic Canadians (68%) are more likely than those in other provinces to say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
2026-07-13
MNP Consumer Debt Index
According to the latest MNP Consumer Debt Index, three in five Canadians (61%) say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
2026-07-13
MNP Consumer Debt Index
According to the latest MNP Consumer Debt Index, nearly three in five British Columbians (58%) say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
