Companies are usually limited liability corporations, which should mean that debts of the company stick with it and that directors (or shareholders) are not responsible for company debts. However, Canadian federal and provincial law have various statutes that impose liabilities on directors in the event of an insolvency, in large part to protect the government and environment.

Baigel Corp. ensures that directors are aware of the liabilities that may possibly affect them, and if necessary, will put a plan together that deals with both the debts of the company and directors.

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