2025-09-12
To be or not to be — a director. That is the question.
Thinking of becoming a company director in Canada? Sure, it’s an impressive title. But it’s also a serious legal responsibility.
Business Related Bankruptcy
2008-10-07
It depends on a few things: - If your business is a corporation (a legally incorporated company), you may or may not be personally liable for the company's debts; - If your business is a partnership or sole proprietorship, you are personally liable for the business debts. Your decision as to whether or not a personal bankruptcy makes sense depends on what your total debts are and what resources (income, assets, etc.) you have to pay the creditors. Are you also wondering whether the company should do a bankruptcy? If it is a corporation and the corporation's debts are only $5,000, it wouldn't make any sense to do a bankruptcy of the company. If you want to provide a bit more information, I can give you a better answer. Or if you wish, feel free give me a call or email me. Judy A. Scott Vancouver - Port Moody - Abbotsford 604-617-1711 [email protected]
Latest Blog Posts
2025-09-04
Will Bankruptcy Erase All Of My Debt?
Bankruptcy
The intention of Canadian bankruptcy law is to provide honest and overextended debtors the opportunity for a financial fresh start.
2025-09-02
How to budget when you’re living paycheque to paycheque
Lifestyle Debt Debt Solutions
You already know the many benefits of skilled money management. The fact you’re reading this blog post says at least that much. Your challenge, like for most households, is how to navigate the seemingly infinite demands on your frustratingly finite income.
