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Bankruptcy & Taxes

Posted on Tuesday, May 05, 2009

Question: I am self employed and owe a great deal both in personal income taxes and GST, does filing personal bankruptcy dissolve these debts?

Answer: Yes, personal bankruptcy discharges tax debts. However, it is important to make a plan so that in the future you don't get behind on your taxes. We strongly recommend that you discuss this with your Vancouver bankruptcy trustee.

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