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Bankruptcy Calgary
Bankruptcy Calgary Questions & Answers
Author: |
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Anonymous |
Date: |
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February 9, 2009 |
Question: |
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I have a Ltd. company working in the oilfield. Becouse of the slowdown in work my personal income has been reduced along with the companies, can my wife and I still declare personal bankruptcy and not disturb the company?
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From: |
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Karen, Alger & Associates Inc. |
Date: |
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February 9, 2009 |
Answer: |
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You cannot be a director of a limited liability company while in bankruptcy. The value of the company would need to be determined if you are a shareholder. Your share value is an asset. If you want to continue the corporation then it essentially needs a director and the value determined.
Karen Rideout
phone: (403) 296-2973
karen.rideout@ca.gt.com
If you wish to talk to one of the Bankruptcy Calgary professionals at Alger & Associates Inc., you can call us TOLL FREE from anywhere in Alberta at 310-8888. After hour appointments at our Calgary bankruptcy offices are available.
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This site provides free information about personal bankruptcy in Calgary and personal bankruptcy alternatives in Calgary, including answers to common personal bankruptcy questions. Calgary Bankruptcy, Edmonton Bankruptcy, Alberta Bankruptcy, Canada Bankruptcy
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