director of a corporation

May 25th, 2011 by Questions

I note that you cannot be a director of a company once you declare bankruptcy. Understanding this means I cannot assume this role once bankrupted, however if I am currently a director of a company will I be required to resign ?

Posted from: New Brunswick

Questions

One Response to “director of a corporation”



, A licensed trustee said:

Yes, you are required to resign. You may not serve as a director or officer of a corporation while you are an undicharged bankrupt.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)