Can I borrow while bankrupt ?

June 28th, 2006 by Questions

Can I borrow $10,000 from a friend while I\’m bankrupt and use the money the way I want (to invest, start a business, etc) ?

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One Response to “Can I borrow while bankrupt ?”



, Barton Goth, GCO Inc. Bankruptcy Trustees said:

As long as you disclose the fact that you are currently in bankruptcy there is no problem with you borrowing money. However, depending on what province you are in, there are several restrictions on the type of business you are able to open so I suggest you contact your trustee in advance to confirm you are not going to cause yourself any difficulties.

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