If bankruptcy will negatively impact my Accounting License?
July 7th, 2015 by Questions
Just wanted to know if bankruptcy will negatively impact my Canadian Chartered Accounting License and the Charter itself even if one resides outside Canada is unemployed for a year and cannot repay the debt at all?Thanks
One Response to “If bankruptcy will negatively impact my Accounting License?”
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.
July 07, 2015 at 7:25 am, Doug Stuive, CA | Trustee | CIRP said:
You can obtain more details by reading through the regulations of the Canadian Chartered Accounting Association but here is the process in general. If you are a member of the Association you must disclose that you filed an assignment in bankruptcy and/ or a proposal of any kind in writing. You may also need to attach related documentation. From there the Association will review your documentation and will make a decision about the nature of your license. It may be suspended or it may end up with some restrictions. Where you live and the circumstances may or may not be a factor in their decision.