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
2025-06-19
With the school year beginning and thousands of Canadian students beginning a new semester of post-secondary studies, all those hard-earned dollars from summer gigs are now being applied to tuition, books, transportation, housing, and supplies.
2025-06-18
The cost of daily goods has been rising over the past few years — increasing the price of food, gas, clothing, and many other essential items that Canadians need in their day-to-day lives.
2025-06-16
Bankruptcy Alternatives to Bankruptcy
Let’s review what a Consumer Proposal is, as well as the pros and cons of filing a Proposal, to help you determine if it’s the right solution for your unique situation.
