Can I still operate my business if I am bankrupt?
If you operate a proprietorship (not through an incorporated company), you can continue to operate your business. However, you may need to disclose the bankruptcy in certain circumstances. You will need to notify suppliers and you should open a new bank account.
If you operate a corporation, you cannot continue to be a director of that corporation if you file for bankruptcy.
Business Owners: Protect Yourself In a Bankruptcy
I’d like to thank you for your support and for helping me get through this situation. I hope my life will be better now and less stressful! I wish you all the best.
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