Pay Back CERB...or Go Bankrupt?! In This Economy?!
Kara is being asked to pay back all the money she received from the Canada Emergency Response Benefit back in 2020. But she’s making less now than she was before the pandemic and all of her expenses have gone up. She doesn't have the means to pay the Canada Revenue Agency and might have to file bankruptcy as a result. Jordan talks to Elizabeth Mulholland to find out why the CRA is going after this money now. Then speaks with licensed insolvency trustee, Doug Hoyes, to learn more about what it means to go bankrupt in Canada.
Audio is streamed directly from the publisher (rogers.simplecastaudio.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Kara is being asked to pay back all the money she received from the Canada Emergency Response Benefit back in 2020. But she’s making less now than she was before the pandemic and all of her expenses have gone up. She doesn't have the means to pay the Canada Revenue Agency and might have to file bankruptcy as a result.
Jordan talks to Elizabeth Mulholland to find out why the CRA is going after this money now. Then speaks with licensed insolvency trustee, Doug Hoyes, to learn more about what it means to go bankrupt in Canada.
Do you have a money problem? Call us and leave a message at 416-935-5935. Or email us at [email protected]. You can also find us on Instagram and TikTok @InThisEconomyPod. Don't forget to leave a call-back number, so we can get in touch.
Do you have a topic that's confounding you in this economy? We'll be happy to dig into it for you and get you the answers you need. Email us at: [email protected]. Thank you for listening!