Personal Bankruptcy Forum


Author:   Terrified
Date:   November 16, 2002
Question:  

My former boyfriend and I (when together) took out a business loan for a mechanic's truck and tools so he could work as a mechanic. We both have personal guarantees on the loan, but I am the sole shareholder and director of the company. I have since found out he wanted the business set up this way because he had recently filed for bankruptcy and could not hold office in the corporation for this reason.

 


From:
 

Shane Brenneis, Collins Barrow Limited
Date:   November 18, 2002
Answer:   You are asking questions of a legal manner. I would suggest you contact a lawyer as soon as possible regarding your options.

Shane Brenneis
phone: (403) 296-2975
sbrenneis@moneyhelp.ca




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