I owe significant taxes to PST. What are all of my options if I am unable to pay?
Today 02/11/2012
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I owe significant taxes to PST. What are all of my options if I am unable to pay?
In general, PST debts tend to be like all other debts, therefore the options remain the same – pay them, negotiate with them, or file a proposal or bankruptcy to deal with them. The nature of the PST debts needs to be reviewed further – are they from a personal business or a corporation? Is the business continuing to operate?
The options available to you will depend on your complete personal situation, including assets and other debts. Therefore, I suggest you contact a Trustee to discuss your situation in more detail.