Archive for April, 2007

Posted on Saturday, April 21, 2007

Managing a senior parent’s debt

I’ve recently been dealing with my father’s multiple years of unpaid taxes. He is retired, only has his CPP to live off of, owns no property, and has alzheimer’s. The size of his debt to CRA is making me think he may need to declare bankruptcy since he doesn’t even have money now for his […]

Filed under: Bankruptcy
 posted by Questions @ 5:54 pm 1 Comment

Posted on Tuesday, April 10, 2007

taxes

Are Canada Revenue Agencies interest and penalties cleared by filing for bankruptcy (this not a court penalty but a penalty set by CRA as a result of late-filing taxes and failure to pay as they are due?.

Filed under: Bankruptcy
 posted by Questions @ 10:00 pm 1 Comment

Posted on Tuesday, April 3, 2007

Surplus Income

If I file for bankruptcy, will they take my spouse income into consideration?

Filed under: Bankruptcy
 posted by Questions @ 1:08 pm 1 Comment