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
2025-06-19
With the school year beginning and thousands of Canadian students beginning a new semester of post-secondary studies, all those hard-earned dollars from summer gigs are now being applied to tuition, books, transportation, housing, and supplies.
2025-06-18
The cost of daily goods has been rising over the past few years — increasing the price of food, gas, clothing, and many other essential items that Canadians need in their day-to-day lives.
2025-06-16
Bankruptcy Alternatives to Bankruptcy
Let’s review what a Consumer Proposal is, as well as the pros and cons of filing a Proposal, to help you determine if it’s the right solution for your unique situation.
