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If business goes bankrupt. Is there consequences to the
If business goes bankrupt. Is there consequences to the iwner … read more
Debra
Debra
Lawyer
Doctoral Degree
138,544 satisfied customers
We had a business and it sold in 2014. The line of credit of
We had a business and it sold in 2014. The line of credit of 35,000 was forgotten about by our lawyer to be pd from the sale proceeds. Can we go bankrupt under a Ontario Inc company which is solvent, … read more
Debra
Debra
Lawyer
Doctoral Degree
138,544 satisfied customers
my husband is a trucker he has Ontario corperatoin number he
my husband is a trucker he has Ontario corperatoin number he is trying to close his business . If he is going to claim bankrupt does he have to claim personnel bankrupt to.… read more
Debra
Debra
Lawyer
Doctoral Degree
138,544 satisfied customers
. This question is related to Canadian tax and bankruptcy
Hi. This question is related to Canadian tax and bankruptcy law. It is a multi part question. First a little history. I am the sole director of a corporation. Because of some bad business decision I h… read more
Debra
Debra
Lawyer
Doctoral Degree
138,544 satisfied customers
We loaned our son 375K to buy a foundry 10 years ago. It was
We loaned our son 375K to buy a foundry 10 years ago. It was set up as a loan to a numbered company ( Ontario), and the numbered company bought the foundry. Subsequently we have loaned the foundry mon… read more
Debra
Debra
Lawyer
Doctoral Degree
138,544 satisfied customers
I have a question about Corporation Law / Partnerships... My
I have a question about Corporation Law / Partnerships... My husband started a business January of 2014, and Incorporated. He is the sole person listed on the Articles of Incorporation and the sole sh… read more
Law.Hut
Law.Hut
Lawyer
Law degree (Juris Doctor)
6,458 satisfied customers
Hi! I have a friend who has offered to invest in my startup
Hi! I have a friend who has offered to invest in my startup business. It is technically not a business yet, but I hope to have it off the ground within 6 months. He opened a "corporate" account and pu… read more
Copperlaw
Copperlaw
Barrister and Solicitor
Law Degree
2,044 satisfied customers
Im being sued my inspection buisness is Incorpeated.can I
I'm being sued my inspection buisness is Incorpeated.can I disolved my buisness or bankrupt my buiseness with out being affected personal .… read more
Debra
Debra
Lawyer
Doctoral Degree
138,544 satisfied customers
I have a consultant quality assurance self employed corporation
I have a consultant quality assurance self employed corporation that I work out in Alberta with .Its corporated i'm the president and its only me on the paroll.My accountant out their has got me payin… read more
Debra
Debra
Lawyer
Doctoral Degree
138,544 satisfied customers
How do I protect myself personally if I am signing a commercial
How do I protect myself personally if I am signing a commercial lease? If I incorporate & sign the lease as an officer of the company but the business goes bankrupt before the end of the lease term ca… read more
Debra
Debra
Lawyer
Doctoral Degree
138,544 satisfied customers
I am considering bankruptcy. Both personal and for a small
I am considering bankruptcy. Both personal and for a small company I control. There is a civil court ruling against me from a debtor. Does bankruptcy court supersede the civil court?… read more
Ulysses101
Ulysses101
Litigator, Barrister and Solicitor
LLB
4,380 satisfied customers
My company which was a ontario corporation went bankrupt in
My company which was a ontario corporation went bankrupt in 2001, I was a director and my husband. At the time of bankrupcy the company owed , gst and unpaid deductions. They have sent me a statement … read more
Tom B.
Tom B.
Lawyer
LLB Bachelor of Laws
2,264 satisfied customers
i owe over 50,000 to credit card debt- due to cancellations
i owe over 50,000 to credit card debt- due to cancellations in my company we cannot pay, I have paid $6000 todate- but with $1000 interest every month this is not helping. they are calling me daily an… read more
Debra
Debra
Lawyer
Doctoral Degree
138,544 satisfied customers
I have a business in Canada. Right now it has outstanding debt
I have a business in Canada. Right now it has outstanding debt to vendors and to customers that we have not yet been able to fill their orders. My question is this: If it goes bankrupt, or closed its … read more
Debra
Debra
Lawyer
Doctoral Degree
138,544 satisfied customers
I have made a purchase from a Canadian based company that was
I have made a purchase from a Canadian based company that was going to build a product for me. The half down payment was in the amount of 4,893.00 US. After months and excuses of a back injury (which … read more
Debra
Debra
Lawyer
Doctoral Degree
138,544 satisfied customers
A company has equipement for 47 000$, and has a truck that
A company has equipement for 47 000$, and has a truck that is worth 103 000$. It had a bought a building that is worth now 482 000$. To buy that building the company got a mortgage from the bak for 35… read more
Ulysses101
Ulysses101
Litigator, Barrister and Solicitor
LLB
4,380 satisfied customers
As an equal partner in a corporation,my title being vice-president,what
As an equal partner in a corporation,my title being vice-president,what is my personnal obligation if the company… read more
LawyerProfessor
LawyerProfessor
Lawyer
Master's Degree
838 satisfied customers
As starting a new business, I want to completely separate my
As starting a new business, I want to completely separate my personal finances from those of my business. If I incorporate my business and the business fails and winds up going bankrupt, will my perso… read more
Debra
Debra
Lawyer
Doctoral Degree
138,544 satisfied customers
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