Even if you are bankrupt, you may own shares in a business or incorporate a company. However, you are not allowed to be a director of a corporation while an undischarged bankrupt. Your Trustee will need to review your company before your discharge as this is considered to be an asset of the estate. Or if your company is very successful during the bankruptcy process, the earning will have to be reviewed.

The same is true after your discharge. You are able to incorporate a company if you wish. At that time you could also be a director.

If you have any further questions or want to come in for a free assessment, please call or email me using the information below.

Shane Brenneis

(403) 298-1575
sbrenneis@collinsbarrow.com