Personal Bankruptcy and Business - Canada

Bankruptcy Canada Questions & Answers

Author:		Anonymous
Date:		December 27, 2008
Question:		My husband owns a business. How it can be affected by personal bankruptcy?
From:		Karen Alger & Associates Inc. - Alberta Bankruptcy Trustee
Date:		December 27, 2008
Answer:		He cannot be a director in a corporation during bankruptcy and if he has shares they must be valued as an asset in his personal bankruptcy. Karen Rideout phone: (403) 296-2973 Alberta Bankruptcy