What are the limitations for corporate executives who are discharged after bankruptcy? For example does it hinder cheque signing authority or obtaining professional designations?

One Response to “executives”

Barton Goth GCO Bankruptcy Trustees said...

This really depends on both the designation and the province. Typically you will find there really isn’t much of a limitation however there are a few thing you are not able to do (i.e. I have heard that in BC you are not able to practice law, although this restriction doesn’t exist in Alberta). Typically you will find most limitations are experienced while in a bankruptcy, when the bankruptcy is finished it largely reverts back to normal.