The case of Her Majesty the Queen and Callidus Capital Corporation can be viewed here. We have also highlighted some of the more relevant factors considered in the case. Essentially the case outlines the Court’s perspective on whether the bankruptcy of a tax debtor and subsection 222(1.1) of the Excise Tax Act R.S.C. 1986 c.E15, as amended (the “ETA”) renders the deemed trust under S.222 [...]
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So far Kathy Lenart has created 40 blog entries.
You’ve been bankrupt once due to life circumstances – a job loss, a divorce, lack of knowledge about managing debt, or other issues. Once discharged from bankruptcy, you started to claim your life back, re-built your credit rating and acquired debt. Life is full of reoccurring challenges and you may find yourself dealing with serious financial issues again. You may consider filing for bankruptcy [...]
Did you meet your financial goals for 2015? Or did you track your expenses for a couple of months and then fall back into old habits of spending without accountability? Have you already forgotten about your 2016 financial New Year’s resolutions? Media coverage on the high level of debt Canadians are carrying may make you feel better about your own situation – you are in [...]
Finally, the weather is warmer and we can come out of our winter hibernation. We feel the urge to spring clean our residences and our yards. Spending time outside also allows you to avoid those never-ending phone calls from collection agencies. Now is not the time to avoid your debt – spring clean it – just as you would your house and gardens. Here [...]
It’s that time of year when we are all overwhelmed with seasonal events and Christmas shopping. What is the perfect gift for that person who has everything? A gift card or certificate seems like the ideal solution. A few ideas you may want to consider before spending your hard earned money: Purchase gift cards/certificates from a long standing, reputable business. Unfortunately, if the business closes [...]
You make a decent income and own your own home but can’t seem to reduce your total debt load even though you make your monthly payments on time. The 29% interest charged on some credit cards makes it difficult to reduce the principal debt owing. A consumer proposal may be the solution that will finally provide you a plan to eliminate your debt. A few [...]
The decision to separate or divorce is never an easy one. Combined with the emotional stress of having less income, paying lawyers, having higher costs because of operating two households, and paying alimony and support, it’s easy to see why the financial strain of divorce is one of the top reasons people file for bankruptcy. This is a complicated area especially if only one [...]
Finding a Trustee in bankruptcy is easy – just Google “bankruptcy” or flip through your phone book. Selecting a Trustee may be more difficult. Why? Taking the step to even explore the idea of bankruptcy is an emotional decision. No one wants to feel as if they failed. No one wants to let someone else know they’ve had trouble managing their finances. Yet, however [...]
Until January 2014, any debts owing to 407 ETR could result in a license plate denial – even if you filed for bankruptcy. Generally, the federal law states that debts that existed prior to an assignment in bankruptcy are erased after your discharge from bankruptcy. This “fresh start” principle allows an insolvent person to get back on their feet and move forward without the [...]
Most people go to work every day and perform their daily tasks because that is what they are paid to do. At Taylor Leibow, we take pride in the fact that what differentiates us from our competitors is the professional, non-judgmental, compassionate and caring manner in which we treat every debtor that enters our offices. Receiving a thank you letter, like the one below, [...]