Is it a crime to leave Canada with debts owing?

March 8th, 2006 by Questions

Someone advised me that if I leave Canada there is nothing that a creditor can do to collect his loan while I am outside the country. Is this true? Am I committing any crime if I leave the country this way? Will I face problems when returning? (ie. get arrested at the airport , etc.)


One Response to “Is it a crime to leave Canada with debts owing?”

, Barton Goth, GCO Inc. Bankruptcy Trustees said:

As far as I am aware it is not a “crime” as far as most people perceive the definition of the word, nor is there much a creditor can do to try to collect the loan while you are out of the country. However, it can create substantial difficulty if you were to ever return to the country, as you creditor can obtain and renew a judgment, charge interest and penalties on the balance, and upon return commence collection/court activity on yourself and your property. Now this most likely wouldn’t result in your being arrested at the airport, but the moment they find where you are employed you can expect a garnishee to be forthcoming and will have difficulty entering into any credit contracts as a result of your credit history.

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