executives
October 25th, 2007 by Questions
What are the limitations for corporate executives who are discharged after bankruptcy? For example does it hinder cheque signing authority or obtaining professional designations?
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October 26, 2007 at 10:21 am, 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.