Filing for bankruptcy is never an easy decision. There are many important things to consider and whatever decision you make, you’ll have to live with both positive and negative consequences.
If you have concerns about your business’ finances, you should consult a Licensed Insolvency Trustee as early as possible.
Filing for bankruptcy is never an easy option for business owners. The decision can feel like a personal failure and may leave one unsure about the future. Bankruptcy can certainly be difficult, it can also provide relief for those struggling to keep up with debts.
In most cases businesses fail because of poor business management.
We recognize that every business is unique with its own issues and complexities. Therefore we recommend that you review your situation with one of our licensed trustees in bankruptcy. Deciding whether or not to continue being self-employed
Government debts including income tax, HST and payroll source deductions are no different than any other debts you may owe.
At Welker & Associates we help owners of incorporated companies deal with their debt issues. Should you bankrupt the company?
At Welker & Associates we help owners of incorporated companies deal with their debt issues, including government debt. There are three main government debts that business owners have to deal with: