2025-06-30
Who Can File For Bankruptcy
Bankruptcy
There are several common scenarios which may cause you to wonder whether personal bankruptcy is an appropriate option to get out of debt.
Operating A Business After Bankruptcy
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
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