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director of a corporation

I note that you cannot be a director of a company once you declare bankruptcy. Understanding this means I cannot assume this role once bankrupted, however if I am currently a director of a company will I be required to resign ?

Posted from: New Brunswick

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One Response to “director of a corporation”

A licensed trustee said...

Yes, you are required to resign. You may not serve as a director or officer of a corporation while you are an undicharged bankrupt.