Owning a corporation during bankruptcy?

February 9th, 2010 by Questions

I do contract work for a company, but they wanted me to get incorporated to stay working with them so I didn`t really have a choice.

Now that being said, I would just like to know if legally this is ok while in bankruptcy? Thank you.

Posted from: Alberta


One Response to “Owning a corporation during bankruptcy?”

, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

Legally you cannot be a director of an incorporated or limited company during a bankruptcy. So what you will need to do is find someone else who is able / willing to be listed as the director for the remainder of the bankruptcy.

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