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Alger & Associates personal bankruptcy services are
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Edmongton, Calgary, Alberta bankruptcy Q&A forum

Question:

 

Recently ended a lengthy legal battle, and lost. Child related. Have approximately $75k in outstanding legal fees (paid $300k). Still have CRA debt from the relationship $80k, CC about $25k demand letter of $130k Could I do a proposal? I know the demand note and lawyer could be settled for 5% how would that effect CRA?


From:

 

Grant Thornton Limited

Date:

 

Jan 04, 2017

Answer:

 

Hello, A proposal allows you to settle all of your unsecured debts with one monthly payment. As long as the creditor accepts the proposed terms then the payment is set. Canada Revenue Agency / personal taxes form part of the debts in a proposal should they agree. Please contact our office at 310-8888 for a no obligation consultation to discuss what a proposal may look like for you and other options available.

Susan Methuen
T 403-310-8888
susan.methuen@ca.gt.com

 

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