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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Starting a new business

Is there a certain amount of time one has to wait after bankruptcy before they can start a new business?

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One Response to “Starting a new business”

A licensed trustee said...

You may start a new business the same day you file for bankruptcy if you want to, but most trustees will caution against it (particularly if being self-employed contributed to your bankruptcy).

You need to ask yourself why you are starting the business and whether or not you are simply making your life more complicated than it needs to be… It might be time to try a different approach.