| Author: |
|
W. Edwards |
| Date: |
|
December 3, 1998 |
| Question: |
|
I work for a company and also have my own
registered company. If I declare bankruptcy do I have to close down my
company?
|
| |
|
|
 |
From: |
|
Val Norrish, Trustee - Collins Barrow Limited |
| Date: |
|
December 8, 1998 |
| Answer: |
|
Under the Alberta Business Corporations Act you cannot be a director of a company if you are bankrupt. The company may be able to continue to operate, however, you would need to discuss this with your Trustee in greater detail.
|
|