2008-10-17
Section 124(2)(c) of the BCBusiness Corporations Act says that you can't be a director of a company if you're in bankruptcy. So, if you proceed with a bankruptcy, you would need to resign as a director of the company. I believe that would involve doing a written resignation which would be kept in the company's minute book and you probably have to update the company's information at Corporate Registry Corporate Registry, but you are best to ask a lawyer or notary what needs to be done. If you are the only director of the company, you may need to get someone else to take on that role and have them properly appointed by the shareholders. Anyway, check with a lawyer or notary - they can give you the right advice. Judy A. Scott Meyers Norris Penny Limited Vancouver - Port Moody - Abbotsford
2026-07-13
MNP Consumer Debt Index
Atlantic Canadians (68%) are more likely than those in other provinces to say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
2026-07-13
MNP Consumer Debt Index
According to the latest MNP Consumer Debt Index, three in five Canadians (61%) say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
2026-07-13
MNP Consumer Debt Index
According to the latest MNP Consumer Debt Index, nearly three in five British Columbians (58%) say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
