Canada Revenue Agency has frozen my bank account and has lodged a garnishee with my employer on my wages. How can I stop that?

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Canada Revenue Agency has frozen my bank account and has lodged a garnishee with my employer on my wages. How can I stop that?

Category: BANKRUPTCY FAQ

If you have declared personal bankruptcy, personal income tax debt is an unsecured debt. Once you’ve filed for bankruptcy or submitted a consumer proposal, Canada Revenue Agency (CRA) can’t take any further action against you, including wage garnishment or freezing your assets. Your trustee will notify CRA once you file and instruct it to stop any further action against you to collect that debt.

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Posted by Brandon Smith
Tag: Canada Revenue Agency has frozen my bank account
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By Brandon Smith

Brandon Smith is a licensed insolvency trustee and Senior Vice-President of Ira Smith Trustee & Receiver Inc. The firm deals with both individuals and companies facing financial challenges in restructuring, consumer proposals, proposals, receivership and bankruptcy.

They are known for not only their skills in dealing with practical solutions for individuals and companies facing financial challenges, but also for producing results for their clients with realistic choices for practical decision-making. The stress is removed and their clients feel back in control. They do get through their financial challenges and are able to start over, gaining back their former quality of life.

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