Does bankrupting your own small inc. business affect personal credit

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Does bankrupting your own small inc. business affect personal creditDoes bankrupting your own small inc. business affect personal credit

Curious to know if bankrupting a small one-man Inc. business with around $15000 of CPP debt is worth it? Legally.. The company would only have roughly $3000 in assets

does this affect my personal credit? Does this impact the future ability of creating another company?

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Directors are personally responsible for source deductions owed by a corporation so only a personal bankruptcy will erase this CPP debt.

You can learn more about personal bankruptcy by scheduling an initial consultation review with one of our trustees: https://bankruptcycanada.com/trustees1.htm

– Trustee

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