taxes and bankruptcy

Posted on Friday, December 15, 2006

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I have heard that CRA will opposes a discharge if there is any debt owed to them that was included in bankruptcy? Is this the case? If not, is there a threshold amount that they become concerned with?

Filed under: Bankruptcy
 posted by Questions @ 12:02 pm
1 Expert Comment:

 At December 21, 2006 | 1:21 pm , Barton Goth, GCO Inc. Bankruptcy Trustees Said...

Canada Revenue Agency does not oppose every time there is a debt owed to them, but often do oppose in situations where they are the primary creditor (i.e. represent the majority of the debt) or when there has been a significant history of failure to file the necessary tax returns etc..

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