Tax-Driven Bankruptcies and CRA Collections issues, with special guest, Michelle Scheller

"Who cares if I owe a lot of money to CRA?  I can just go bankrupt!"I have heard this statement quite a few times in my career... but unfortunately, there are a lot of misconceptions about bankruptcy, and in particular the interception of bankruptcy and tax debt.  Now that CRA has ramped up their collections action again, I thought it might be an appropriate time to bring on an expert to help chat about these topics.  My special guest, Michelle Scheller, is a licensed insolvency trustee with MNP Ltd., and I have referred a number of clients to her team in the past to help with particularly "sticky" CRA collections issues.  Michelle and I chat about the following: What is a licensed insolvency trustee? (4:40) What does it mean to "go bankrupt" or "be insolvent"? (5:05) What is a proposal versus a bankruptcy? (10:05) What are the special rules that apply when you have a "tax driven" bankruptcy? (16:35) What are the first steps you should take if you think you need help? (21:30) ADDITIONAL RESOURCES: Website: www.MNPdebt.ca Facebook: https://www.facebook.com/MNPDebt  Instagram: https://www.instagram.com/mnpdebt/?hl=en  Twitter: https://twitter.com/mnpdebt  Spotify: https://open.spotify.com/show/....76ImfFsv1VxIilxDy5zo   YouTube: https://youtube.com/@MnpdebtCanada  CONNECT WITH MICHELLE: LinkedIn: https://www.linkedin.com/in/mi....chelle-scheller/?ori Phone: 306-310-DEBT Email: Michelle.Scheller@mnp.ca HERE ARE SOME OTHER WAYS TO CONNECT WITH ME: My new website is now live!!!  www.thetaxchick.ca  Email: thetaxchickpodcast@gmail.com LinkedIn: https://www.linkedin.com/in/amandasadoucette    Instagram: https://www.instagram.com/tax.chick/  Be a "Tax Chick VIP": http://eepurl.com/hNbXcb