FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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own property in another country

I have a follow-up question…if bankruptcy is declared in Canada, but you own property in another country and have Homestead protection on said real estate will only assets that can be liquidated in Canada (e.g., small business) be affected in order to benefit Canadian creditors?

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Posted from: Ontario

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One Response to “own property in another country”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

You will really need to meet with a local trustee to discuss this further, but as a general rule all property you own regardless of where it is located vests in the trustee upon the filing of a bankruptcy.