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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Super Intendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Consumer Proposal & Incorporating a Company

Although I am not able to incorporate a company while going through consumer proposal, can I become an officer of an incorporated company?

Posted from: Ontario

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One Response to “Consumer Proposal & Incorporating a Company”

A licensed trustee said...

Who told you that you cannot incorporate while you are in a proposal – no such restriction exists. Similarly, you may be an officer and/or director of a corporation while in a proposal – it’s only when you file for bankruptcy that you cannot be an officer or director (by the way, you can incorporate a new business whil eyou are bankrupt too).

Call your trustee if you have any more questions about this.