2009-04-15
Yes.....you can operate a business after declaring bankruptcy. This includes a home business or any other type of business. The stipulations are: - that you have to report all of your income to your Trustee while you are in bankruptcy - if it is set up as an incorporated/limited company, you can not be the Director. You can't be a Director of a corporation while you are in bankruptcy. - there are rules in the Bankruptcy Act about who you have to disclose your bankruptcy to when you are self- employed. You should review the specifics of this situation with a Trustee. Donna Carson, CGA, CIRP, Trustee 403.537.7657 Calgary, Alberta
2025-04-25
Debt collection can be a daunting experience for many Canadians. Navigating the process alongside MNP’s team of experts can help you better understand how it will impact your credit score and gain the knowledge needed to maintain your financial health well into the future.
2025-04-24
Filing a Consumer Proposal can feel overwhelming, but it’s not the end of your financial journey.
2025-04-16
Alternatives to Bankruptcy Bankruptcy
How can you reduce food waste? These strategies can help benefit both the environment and your bank account.
