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.
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
2025-09-04
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.