Can I Start a Small Business being Bankrupt?
The answer is Yes! Being bankrupt does not prevent you from making a living. You can be self-employed or start a small business on the side. There are a lot of assumptions when it comes to bankruptcy and being self-employed. Going bankrupt is a legal process where an individual that who owes an excessive amount of debt can be released from it. Bankruptcy is a choice that you make to eliminate your debt. Once your bankruptcy is approved, you are safe from the legal actions of your creditors who want to enforce payment. If you are self-employed and struggling with debt, you should get reliable information from a licensed insolvency trustee like J.P. Graci & Associates Ltd
If you are overwhelmed with a financial crisis, J.P. Graci & Associates Ltd can help! Call us now at 519-753-7361.
MORE QUESTIONS
Do I qualify for bankruptcy? How long will I be bankrupt? How much will it cost? How will my credit rating be affected? If I declare bankruptcy, will I lose everything? Should I declare bankruptcy? Will I still be responsible for some debts after filing for bankruptcy? Does Filing for Bankruptcy in Canada Affect My Spouse? What is a bankruptcy discharge and the process involved? What is the OSB and what are their responsibilities? If I file a proposal or declare bankruptcy, what happens to my credit rating? What happens if my creditors vote against accepting my consumer proposal? Can I leave some creditors out of my consumer proposal? How Do I Get a Mortgage After A Consumer Proposal? Can a student with a government student loan go through bankruptcy or get a consumer proposal?
