(Canada) When a company goes bankrupt, it affects your personal credit you?
Deal Score0
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.?
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.