| Author: |
|
lenwood |
| Date: |
|
July 23, 2000 |
| Question: |
|
What happens to my income tax in the current year
of my proposal? Can I file seprate income tax for that year of the proposal?
What happens at the meeting of the crediors to me, if I withdraw my
proposal?
|
| |
|
|
 |
From: |
|
Shane Brenneis, Collins Barrow Limited |
| Date: |
|
July 27, 2000 |
| Answer: |
|
Treatment of income tax refunds in a Division 1 Proposal will depend on
your situation, the wording of the proposal and acceptance of that wording
by the creditors. Withdrawal of a Division 1 proposal is not possible once it
has been filed. Only a consumer proposal may be withdrawn prior to Court
approval.
Shane Brenneis
phone: (403) 298-1575
sbrenneis@collinsbarrow.com
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