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Director’s Liabilities – What are they and how do I prevent being on the hook?

Director’s Liabilities – What are they and how do I prevent being on the hook?

by Stanley Chen | Oct 24, 2023 | Business

A corporation director is responsible for ensuring the corporation is running responsibly, including paying its liabilities.  They might not directly do payroll, but they are responsible for putting policies and procedures in place to ensure your employees get paid...
What is a Personal Guarantee and How Does it Affect Debt?

What is a Personal Guarantee and How Does it Affect Debt?

by Stanley Chen | Sep 28, 2023 | Business

Navigating the world of finance can often feel like wondering in a maze, especially when it comes to understanding concepts like personal guarantees. So, what is a personal guarantee exactly? Simply put, a personal guarantee is a promise made by an individual—often a...

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Frederick & Company Ltd.
Licensed Insolvency Trustee
Consumer Proposals & Debt Consolidation Services
63, 201 Kaska Road
Sherwood Park, Alberta
T8A 2J6

From Financial Distress to Financial Success™

Phone: 587-269-3009
Fax: 587-400-9855
Email: hello@fcdebtfree.ca