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Aiming to pay off your Consumer Proposal early? Here’s what you need to know
Consumer Proposal
Thinking about paying off your Consumer Proposal early? It can be smart move, but only if it fits your existing financial picture.
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
2025-11-03
Consumer Proposal
Thinking about paying off your Consumer Proposal early? It can be smart move, but only if it fits your existing financial picture.
2025-11-03
Credit Counselling
By effectively managing your secured and unsecured debt repayment, you will be well positioned to understand and improve your credit score.
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Lifestyle Debt
Many Canadians are stuck in payday loan cycles. Learn how debt traps form, why they’re harmful, and what you can do to escape and regain control.