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| Author: |
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SNK |
| Date: |
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January 24, 2005 |
| Question: |
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I am the director/shareholder of an incorporated business. The business has its own bank account for which I am the signing authority. Prior to filing personal bankruptcy can a creditor attach to this business account which is totally separate from personal and remove funds from the business account?
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From: |
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Ann Clarke, Alger & Associates Inc. |
| Date: |
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January 24, 2005 |
| Answer: |
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If the account is strictly in the business name, creditors should not be able to attach to it for your personal debts.
Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca
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