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Podcast: DebtMatters Podcast
Episode: 129 - How Bankruptcy Works for Individuals vs. Businesses in Canada
Description: Thousands of Canadian businesses exit the marketplace every year whether through filing Bankruptcy or just closing their doors. Many more are on a razor’s edge with the rising cost of servicing their debt due to higher interest rates. Today’s podcast looks at the cost of putting a business through Bankruptcy and other options that may be available. Licensed Insolvency Trustee, Mary-Ann Marriott also discusses how individual Bankruptcy differs from business Bankruptcy. Other topics covered:When filing for Bankruptcy is the best optionDifference between filing as a sole proprietor vs an incorporated businessNumber one mistake busin...