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Are there other negative effects on the person who owns the company? How does society effect of bankruptcy on the credit of the person in the future to get a mortgage, bank loans, etc.?

1 Thought on (Canada) When a company goes bankrupt, it affects your personal credit you?
  1. Reply
    Henry W
    February 19, 2011 at 1:57 am

    A corporation is a separate legal entity. It can sue and be sued. As long as you do not guarantee a loan for the corporation, it would not affect your personal credit rating.

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