http://www.bankruptcy-alberta.com/2009/04/government-debt.html Bankruptcy Alberta: Bankruptcy Services in Alberta. Links to Alberta Bankruptcy Trustees. Mon, 16 Nov 2009 15:50:09 +0000 hourly 1 http://www.bankruptcy-alberta.com/2009/04/government-debt.html/comment-page-1#comment-487 Barton Goth, CIRP, Trustee in Bankruptcy Tue, 05 May 2009 13:10:21 +0000 http://www.bankruptcy-alberta.com/2009/04/government-debt.html#comment-487 As a director you will still be responsible for both the back GST and employee premiums that are owed to the federal government (payroll remittances). This is irrespective of whether or not the company files for bankruptcy. As a result in many situations we find there is no value to placing the company into bankruptcy as if you have significant amounts that survive bankruptcy there may be no benefit so you may be just as far ahead to cease operations. As a director you will still be responsible for both the back GST and employee premiums that are owed to the federal government (payroll remittances). This is irrespective of whether or not the company files for bankruptcy. As a result in many situations we find there is no value to placing the company into bankruptcy as if you have significant amounts that survive bankruptcy there may be no benefit so you may be just as far ahead to cease operations.

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