Can I remain a director of a non-profit organization?

March 2nd, 2015 by Questions

Can I remain a director of a non-profit organization if I file a consumer proposal?

Posted from: Ontario

Questions

One Response to “Can I remain a director of a non-profit organization?”


March 02, 2015 at 9:21 am, Jillian Taylor-Mancusi, Trustee | B.A. | C.I.R.P said:

In most provinces you cannot be the director of a corporation while you are in bankruptcy. You are not a bankrupt by merely filing a consumer proposal. A consumer proposal under part three of the Bankruptcy and Insolvency Act is not bankruptcy. The restrictions applicable to an undischarged bankrupt are not necessary applicable to a debtor under a consumer proposal.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)