Bankruptcy and becoming non-resident

July 8th, 2009 by Questions

How soon after I declare bankruptcy can I become a non-resident of Canada ? Do the Ontario exemptions still apply if I become a non-resident? Will shipping my personal effects and furniture out of the country be allowed when I`am bankrupt?

Posted from: Ontario

Questions

One Response to “Bankruptcy and becoming non-resident”


July 09, 2009 at 9:06 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

There is no time frame that must expire, you can become a non-resident at anytime. As for the exemptions, these are only availabe when you are living in the province.

Although, if the declaration is made at the time of filing the bankruptcy and at some point down the road you move out of the province, you will likely have no problems.

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