Does My Company's Bankruptcy Affect Me Personally?
If a corporation files for bankruptcy, the Trustee will deal with the assets and creditors of the corporation. A corporate bankruptcy does not mean that you have personally filed and will not show up on your credit report.
What will affect you though....is if you are personally liable for any of the debts of the company. Being a shareholder of that company does not make you personally liable for the debts of the company.
What does make you liable is:
1. if you signed any personal guarantees of the debt
2. if you were also a Director of the corporation. Directors are personally responsible for unpaid payroll remittances, unpaid GST, and certain wages. There may also be some personal exposure for corporate income taxes, if you were paying yourself dividends from the company.
Another scenario is that the corporation doesn't actually need to file for bankruptcy...it only needs to formally shut down.
If you like, give one of the Trustees in your area a call to discuss your company's situation, and if there is any personal risk to you.