A bankruptcy or consumer proposal can protect you from any unsecured Revenue Canada (CRA) debt the same as with any other unsecured creditor.
Income tax debt can be one of the hardest to get out from under because you often pay last year’s tax debt using the money you will need to pay the current year. This means you are always behind as the monthly interest compounds. Also, filing returns late can mean you are paying additional penalties.
If you have mounting CRA debt or have not been filing your taxes for fear you will have CRA debt, you cannot afford not to seek professional help to move forward.
Unlike other creditors CRA can quickly move to garnishee wages or put liens on your assets with out having to obtain court permission. It is important to deal with Income Tax debt as soon as possible avoid these drastic measures.
If you are being garnisheed by Revenue Canada, filing for Bankruptcy or a Consumer Proposal would stop this action
Extremely professional service by Mr. Thatcher and his team. Mr. Thatcher and his team were always available and quick to answer any questions concerning bankruptcy. I would highly recommend this company to anyone that would require his services!
I have worked with Kevin and his office for many years and would recommend his services to anyone who is having financial difficulties. He is very professional and has spent many years helping people get out of tough debt situation.
The staff at Kevin Thatcher & Associates are incredibly understanding, non-judgmental people who honestly advised me of all my options before I chose to go bankrupt. I was surprised at how easily they broke down the process for me step-by-step so I was able to meet all the requirements.
I just wanted to thank everyone at Kevin Thatcher and Associates for their help. I was at wit's end and couldn't cover most of my bills. I was afraid to answer the phone ever as it might be another collector calling! I was so depressed.
I was looking for a bankruptcy firm and was recommended Kevin Thatcher and Associates. I initially spoke with his pleasant and knowledgable staff(Anna) over the phone. I was very impressed by her and her soft approach being in a difficult situation.
Very kind, caring and helpful group at Kevin Thatcher and Associates.
I was in a real bind with a lot of debt from credit cards and payday loans but I met with Kevin and his staff were very understanding of my difficulties paying. I paid for 21 months under these federal income rules, but was way cheaper than if I did nothing.
Staff is extremely kind and knowledgeable! They took a stressful situation and made it more manageable, so thankful for their expertise.