Debts Outside of Canada

April 15th, 2009 by Questions

I am a relatively new resident to Canada and have recently suffered a job loss and subsequently reduced earnings. I have acquired significant debt here as a result and still have one or two debts in the U.K. I was therefore wondering if declaring bankruptcy here in canada will also allow me to include the debts I still have back in the U.K.

Posted from: Ontario

Questions

One Response to “Debts Outside of Canada”


, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

You would have to list the debts that are in the UK, but you wouldn’t be cleared from these debts by filing a bankruptcy in Canada.

However, these creditors would loose the right to be able to collect on these debts while you are in Canada as a result of the bankruptcy. So essentially the only time you would have to worry about those other two UK creditors is if you returned to the UK to live.

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