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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 Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Am I allowed to start a small business?

Hi I have a question. If i am currently under the consumer proposal, am I allowed to start a small business?

Posted from: British Columbia

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One Response to “Am I allowed to start a small business?”

Desmond West-Chow, CIRP said...

Yes, during a consumer proposal you may start a small business as either a sole proprietorship (in your name) or an incorporated company. It is only while in bankruptcy that one cannot be the director of an incorporated company (although they may still operate as a sole proprietor)