Can I Be A Director After My Bankruptcy Is Finished

2011-03-29

Hi, You don't state in your question that were discharged from your bankruptcy, but I assume that you were. In that case the answer is that you can be a director of a corporation (non-profit or otherwise) starting the day after you received your discharge. It is only bankrupts who are prevented from being a director. So yes, go ahead and take that role on if you are so inclined. Ian Schofield MNP Regina 306-790-7904   Note: I also don't necessarily agree that you are not bondable, that will depend on the bonding company's assessment at the time the bond is requested. There is no legal prohibition against getting bonded after, or even during, bankruptcy, its a matter of the policies of the particular bonding company.

Latest Blog Posts

2025-04-25

Understanding debt collection in Canada: Protecting your financial health

Olivier Boyd

Debt collection can be a daunting experience for many Canadians. Navigating the process alongside MNP’s team of experts can help you better understand how it will impact your credit score and gain the knowledge needed to maintain your financial health well into the future. 

Read More

2025-04-25

Top five mistakes to avoid when considering filing for bankruptcy

Bankruptcy

Filing for Bankruptcy is a significant decision that can provide a fresh start for Canadians overwhelmed by debt. However, it’s essential to approach this process with caution and awareness to avoid common pitfalls and make informed decisions to protect your financial future. 

Read More

2025-04-24

How to rebuild your credit after a Consumer Proposal

Tina Powell

Filing a Consumer Proposal can feel overwhelming, but it’s not the end of your financial journey.

Read More

Consultation icon