My husband had a company inc. 4 years ago in montreal. The company was making 0$ and he never filed his taxes.
Now the government is after him for 50,000$ plus 9,000$ for personal taxes. He is already struggling to pay his 20,000$ credit debt.
My questions :
1- if he does a bankruptcy will the buisness debts be eliminated even if he doesnt file the past 4 years of taxes (they already closed the company)
2- will the 9,000$ of persoal debt be eliminated?
3- if he declares bankruptcy will we ever be able to buy a house in the future?
p.s. his accountant is asking for 800$ per year to file his taxes and we dont have that money….so hes not even able to do his taxes….
The information in this article was current at 06 Dec 2011