Can I remain a director of a non-profit organization?
March 2nd, 2015 by Questions
Can I remain a director of a non-profit organization if I file a consumer proposal?
Posted from: Ontario
One Response to “Can I remain a director of a non-profit organization?”
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.)
You must be logged in to post a comment.
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.