Sentences with phrase «generally dischargeable debts»
While the CRA does have significant collection powers compared to other creditors when it comes to a consumer proposal or personal bankruptcy, taxes are generally dischargeable debts (i.e. they go away upon completion of the procedure) just like your credit card debts, bank loans, or other unsecured debts.
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Dischargeable, unsecured debts which remain after the liquidation of the assets are generally discharged.