Question: if I was to declare personal bankruptcy is it possible to start up an incorperated small business while in bankruptcy?
Answer: Yes, you may start a business while bankrupt, but you are not permitted to serve as the director of a corporation while bankrupt, so if you were a shareholder someone else would need to serve as a director.
Another option would be to start the business as a sole prorprietor while bankrupt, and then incorporate once the bankruptcy process is completed.
Your bankruptcy trustee or lawyer can provide you with more detailed information.




