March 2nd, 2015 by Questions
Can I remain a director of a non-profit organization if I file a consumer proposal?
Posted from: Ontario
March 02, 2015 at 9:21 am, Jillian Taylor-Mancusi, Trustee | B.A. | C.I.R.P said:
In most provinces you cannot be the director of a corporation while you are in bankruptcy. You are not a bankrupt by merely filing a consumer proposal. A consumer proposal under part three of the Bankruptcy and Insolvency Act is not bankruptcy. The restrictions applicable to an undischarged bankrupt are not necessary applicable to a debtor under a consumer proposal.
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