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.
2009-08-19
Many people continue operation their busineses (incorporated or otherwise) during a bankrupcy. It depends, in part, on whether the company has any value at the date that you fo into bankruptcy. If your business is not profitable, then the shares of your company may have no value. In this case, a bankruptcy trustee would normally allow you to keep the shares and it's your choice as to whether you continue the business or not. In most provinces, however, you can't be a director of a corporation during the time that you're going through a bankruptcy. So, if you were going to keep your company and operate the business while you're going through a bankruptcy, you would have to find someone else to act as a director of the company (i.e., a corporation has to have one or more directors). If you're going to continue operating the company during a bankruptcy, you should discuss this with your trustee and get some advice specific to your corporation.
2025-09-04
Bankruptcy
The intention of Canadian bankruptcy law is to provide honest and overextended debtors the opportunity for a financial fresh start.
2025-09-02
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.
2025-09-02
Lifestyle Debt
Have fun on a budget with our guide to affordable activities in Atlantic Canada.