73 - When Is the Best Time to Go Bankrupt?

No one ever sets out to go bankrupt but life happens. Dealing with unmanageable debt can spill over into other parts of your life. It can affect your personal health, your relationships, and your overall well being. Filing a Bankruptcy can be the best way forward. Is there a better time of the year to file for Bankruptcy? How will filing affect your taxes and what happens to the money if you are entitled to a refund? Licensed Insolvency Trustee, Jillian Taylor-Mancusi answers these questions and more. She explains how pre-filing and post-filing taxes are handled when you are in Bankruptcy.Other questions answered are:When you would benefit from filing Bankruptcy in DecemberWhat the costs of filing Bankruptcy areHow is Bankruptcy different when you are self employedWhat the Bankruptcy Assistance Program is and who would qualifyWhat happens to your tax credits and refunds Licensed Insolvency Trustees are licensed by the federal government to provide debt advice. They are the only professionals that can file a Bankruptcy or a Consumer Proposal. You can be assured that the advice you receive from them will be unbiased and have your best interests in mind.   About Jillian Taylor-MancusiJillian is a Licensed Insolvency Trustee in Manitoba and Northern Ontario. She has been working in the insolvency field since 1992. A member of the Canadian Association of Insolvency and Restructuring Professionals (CAIRP), Jillian also serves as chair for Dressage Winnipeg.Additional Resources LCTaylor Licensed Insolvency TrusteeHow to Claim Bankruptcy$200 Away from Bankruptcy