Tag: Covid-19

Should I File a bankruptcy now or wait until Covid-19 is finally gone? When might be the best time to file bankruptcy? Should I wait? Will the debts be forgiven? What will the government do to help me with my bills? Let’s tackle the ‘easier” questions first, and then...

The Federal Government has announced emergency funding for Canadians under the Covid-19 Emergency Response Act. The funds will be made available to assist Canadians in paying for essential items such as groceries and housing. In addition, under the Emergency Response Benefit Act, Canadians who have lost their income due...

We are in the eye of the hurricane and experts project that things will get worse before they start to improve. But there is some cautious optimism that the rate of new infection from Covid-19 has begun to slow in some countries. By contrast, the financial impact will likely...

The Canada Revenue Agency (“CRA”) has extended the deadline to file the 2019 personal tax return to June 1, 2020 (instead of April 30). More significantly, any amounts owing will not be due until August 31, 2020 and no interest will be charged for balances due until that date!...

Due to Covid-19, the Ontario Superior Court of Justice in Bankruptcy and Insolvency has suspended all regular operations since March 17, 2020 for an indefinite period. Discharge hearings, and other motions before the court including motions on the revival of annulled Consumer proposals will not be heard until further...