In addition to munching on plants, voles can cause considerable damage by gnawing the bark off trees and shrubs, girdling the trunks or roots and eventually killing the plant. Their irregular, patchy gnaw-marks can be seen near ground or snow level, particularly during the winter.
Filing bankruptcy means a person or business has availed themselves of Canadaâs bankruptcy laws in order to obtain protection from their creditors and relief from their unsecured debts. When a person files for bankruptcy they are said to be bankrupt or âin bankruptcyâ. If you file for bankruptcy something called your bankrupt estate is created. Think of this as bag filled with all of your unsecured debts (credit cards, loans, lines of credit, income taxes, etc, etc). While you remain âin bankruptcyâ you still own the bag, but you donât have to make any payments on the debts.
Filing Personal Bankruptcy. When you file for personal bankruptcy, you have the option of filing Chapter 7 (liquidation) or Chapter 13 (reorganization). When you liquidate, a bankruptcy trustee determines which assets you must sell to satisfy your debts.The case typically discharges in a few months after filing.or the purposes of filing personal bankruptcy, it does not matter if your business is an S corporation or a C corporation. What impacts bankruptcy law is that your assets are shielded inside a corporation, not the corporationâs tax treatment.