Operating A Business After Bankruptcy

2009-04-15   minute read

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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