February 20th, 2009 by Questions
outstanding us loans will they be null and void if i declare canadian bankruptcy.
Posted from: Ontario
February 20, 2009 at 8:49 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
US loans will not be cleared as a result of filing a Canadian Bankruptcy, but as long as you stay in Canada the US creditors you have will not have the right to collect from you during or after a bankruptcy. The reason for this is that Canadian Legislation has no ability to release international debt, it can simply protect you from it while you are in Canada.
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