Question: If I file for bankruptcy in Brantford will I still be able to run my small business? I only suppliment our family income with my business, earning less than $2000 per year and using various computer equipment and software valued in the neighbourhood of $5000. I guess I want to know if I will have to give up my equipment and computers.
Answer: Yes, you will probably be able to continue to operate your small business, and keep your computer equipment if you go bankrupt in Brantford. You are allowed to keep basic goods, so the answer will depend on what other furniture and equipment you own.
There are also a number of issues related to operating a business while bankrupt, including tax issues, so I suggest you give my office a call in Brantford at 519-770-4440 or e-mail me and we can set up a time to discuss your situation in more detail.
