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

Latest Blog Posts

2026-06-23

Budgeting for post grads A trustees guide to financial confidence after graduation

Tarah Fawdrey

A Licensed Insolvency Trustee shares simple budgeting tips to help graduates manage money, reduce debt and build confidence.

Read More

2026-06-17

How to improve your savings: Two tips from my father

Vicky Samuels

Money wasn’t something my dad talked about very much when I was growing up. However, he did have a couple of expressions he would share repeatedly over the years.

 

Read More

2026-06-11

Life after debt: What’s next and how to avoid repeating debt

Tina Powell

What happens after a Consumer Proposal or a Bankruptcy? These steps can help you rebuild your credit rating and manage your credit effectively.

Read More

Consultation icon