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| Author: |
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DS |
| Date: |
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January 2, 2004 |
| Question: |
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I have a failing small business that I am in the middle of trying to liquidate. I am going to try to pay off my loan with what income I get from the sale of goods. After that I would like to declare bankruptcy, as I still will owe approx $60,000.00. Do I have to account for all the income from the sale?
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From: |
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Ann Clarke, Alger & Associates Inc. |
| Date: |
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January 4, 2005 |
| Answer: |
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Yes, you will have to give an accounting of the disposition of the funds to the Trustee.
Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca
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