Monthly Archives: July 2013

Revenue Canada Taxes and Wage Garnishment
By J. Douglas Hoyes, Trustee
30 Jul 2013 | Category: Bankruptcy in Ontario | (2) comments

Question: Revenue Canada is garnisheeing 30% of my wages next week for HST and GST and taxes. Can bankruptcy clear that or is Revenue Canada exempt? Answer: Yes, debts to CRA are included in a bankruptcy or consumer proposal, so if you file bankruptcy the wage garnishments stop. It is…

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What Happens To An Inheritance and Windfalls In Bankruptcy
By Bankruptcy Ontario Trustee
20 Jul 2013 | Category: Bankruptcy FAQ | What You Keep or Lose | (14) comments
inheritance windfall and bankruptcy

Any assets that you become eligible to receive while you are an undischarged bankrupt are subject to seizure while you are bankrupt. This includes any windfall you might receive while bankrupt including: an inheritance while bankrupt, lottery winnings. Under the terms of the Bankruptcy and Insolvency Act if you receive…

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