I am still subject to bankruptcy proceedings that began over eight years ago. Is it possible for me to start a business with a business registration number?
You can normally start a business in your own name and obtain NEQ, GST, and QST numbers.
However, since you are an undischarged bankrupt, any assets acquired before your discharge could be part of your bankruptcy. This is not a situation you should allow to continue.
However, since you are an undischarged bankrupt, any assets acquired before your discharge could be part of your bankruptcy. This is not a situation you should allow to continue.
Questions reliées
- After the settlement offer is accepted, will I be able to continue operating my incorporated event planning company without any problems? I took out a $40,000 loan from the government hoping things would return to normal. However, I will likely be unable to repay it by January 1, 2222.
- Can I go bankrupt if I work?
- Hello, I declared bankruptcy last month. I had a surplus salary, so I was paying $344 per month. However, I recently lost my job indefinitely. I contacted my trustee, and my monthly payment was reduced to $225. Is it normal that I'm still paying the surplus even though my income has been cut almost in half?
- How long after declaring personal bankruptcy can I incorporate?
- I am a co-owner of a company (2 people). We are drowning in debt and considering bankruptcy. Since we personally guaranteed some of the company's loans and credit cards, I imagine we will be responsible for repaying these debts? If my partner becomes insolvent, would I be held liable for all of these debts (guarantees)? Would it be better for us to file for personal bankruptcy after the company goes bankrupt?