Bankruptcy when leaving Canada for good.
June 11th, 2007 by Questions
I\’am planning to leave Canada in a few months. I don\’t intend to return. I\’am a Canadian permanent resident , I\’am not a Canadian citizen.
I have debt of about 70K which I don\’t think I\’ll be able to pay before leaving. Can I file for bankruptcy right before leaving? I have no other assets except 2000 dollars in my RRSP , a few hundred dollars in my checking account , my airticket to leave the country and will receive about 4000 dollars from my employer when I quit.. Will my air ticket to leave Canada be seized? It is non-refundable. Will I be required to return to Canada at any time? (I cannot afford the air ticket and the short term accomodation costs!)