bankruptcy discharge

What options do small businesses have to deal with debt?

Gregory Adam Napier
January 03, 2012 21:10

This economy has been tough on the small business owner. Many of the people I talk with are sole owners of a Limited Liability Company, S Corporation, or sole proprietorship. Invariably, the owner has invested a great deal of his or her own resources into the business to fuel their dream. ...

Bankruptcy and Revenue Canada

August 05, 2011 16:42

Question: I have a number of debts to rev can, and the province of ontario for a small busines that I had a nember of years ago. Rev can is probably $50K, Ont, is $300K. I can likely cut those in half with appeals, and proper filing, as the bulk of it is penalties for [...]Question: I have a number...

Don’t Let The IRS Secret Lien Ruin Your Retirement!

May 17, 2011 12:16

If you owe federal tax and fail to pay, the IRS has a federal tax lien on all of your assets. The lien can be a secret and exists even if the IRS has failed to file a Notice of Federal Tax Lien in the public records. This secret lien can take your retirement funds [...] If you owe federal tax and...

So You’re Not Sure You Want to File Bankruptcy?

May 03, 2011 11:28

You have financial problems and you’re not sure you want to file bankruptcy.  The first thing you need to know is this: That’s okay! Why should you know for sure that you need to file bankruptcy?  If you haven’t met with a bankruptcy lawyer, how would you possibly understand what...

Income Taxes and Bankruptcy – Beware the Sleeping Bear

April 17, 2011 19:19

The mandate of the Canada Revenue Agency (CRA) is to assess and collect the correct amount of tax for individuals and businesses in Canada.  My colleague Bill Kilner blogged last week about how it’s easy to ignore your taxes after you start to fall behind.  I want to expand a little bit on why it’s...