FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

This field is hidden when viewing the form

Source

How can we help you?

This field is for validation purposes and should be left unchanged.

Select Trustee By Province

Sole proprietorship after bankruptcy

I currently am a self-proprietor. Unfortunantely due to hardship and tax debt both personal and business tax I have become overwhelmed and will be filing for bankruptcy in the near future. Will I be able to be self employed with my own business after bankruptcy? Or because of tax debt is this not an option?

Posted from: New Brunswick

Share this post:

X (Twitter) Facebook LinkedIn Email

One Response to “Sole proprietorship after bankruptcy”

A licensed trustee said...

Certainly, you may be self employed and own/operate a new business after you file. BUT while you remain an undischarged bankrupt (ie while you are still in the bankruptcy) you will have to file and pay your taxes on time. If you don’t you will have to appear in Court and the Court will not release you from yor bankruptcy until all your new taxers are filed and paid.

There’s no point filing if you are just going to turn around and run up a new tax debt again…