Many individuals and businesses are experiencing extreme financial difficulty and may be contemplating filing a proposal or bankruptcy under the Bankruptcy and Insolvency Act (Canada) (the “BIA”).

Bankruptcy And Insolvency Tax Advice From Milot Law

Tax debtors may determine that it is unnecessary to appeal their tax debts because they decided to file a proposal or a bankruptcy under the BIA; however, the total debt at the time of filing may have a significant impact on the duration of a bankruptcy or a proposal and the options available.  Tax debtors should seek advice from a tax lawyer to review whether filing an objection or appeal in respect of a tax debt is necessary.

If you are considering a bankruptcy or proposal under the BIAand you are concerned that any of the above issues apply to you, please call Milot Law for a free consultation at (416) 601-1002.

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