"Bankruptcy and income tax debt: recent developments on tax-driven insolvency"
by Dana Nowak of MLT
In contrast with the general overview of bankruptcy presented earlier in the year, September’s presentation will be tax specific. Many individuals and businesses are experiencing financial hardship and cash flow issues in Alberta’s current economic climate. Often taxpayers prioritize paying day-to-day bills in favor of tax liabilities which do not seem so urgent at the time. What happens to taxpayers who become insolvent as a result of these snowballing tax burdens? Discover what recent case law such as Re Schnier tells us about income-tax driven bankruptcies. How are income tax debts viewed in contrast with other liabilities? Dana Nowak from MLT has the answers in a presentation you do not want to miss.
Dana Nowak is a 6th year associate at MLT with a background in real estate management and development. She practices in civil litigation with a focus on commercial bankruptcy and insolvency, personal property security law, construction law, suretyship, and real property disputes.
She is the Co-Chair of the Canadian Bar Association Alberta Creditor and Debtor Law Section.
She recently presented on CRA and insolvency issues at the CAIRP (Canadian Association of Insolvency and Restructuring Professionals) National Conference in Montreal.
She is a volunteer with Pro Bono Law Alberta and a proud member of Rotary.
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