What is the effect of bankruptcy law on a debtor's ability to enter into a new business?

British Columbia, Canada


The following excerpt is from Tildesley v. Weaver, 1998 CanLII 6690 (BC SC):

This, I think, is consistent with the rationale underlying bankruptcy law the purpose of which is to wind-up a person's previous liabilities and give him or her a fresh start in the business world: Heather & Son v. Webb (1876), L.R. 2 C.P. 1, at p.7.

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