How to Stop CRA Garnishment After Receiving an RTP Demand Payment Letter

Ever felt the stress of unexpected financial setbacks? How to stop CRA garnishment is a question many Canadians face when dealing with debt issues and a RTP (Requirement To Pay) from the Government of Canada. Understanding the steps to halt this process can alleviate a significant amount of stress and help you regain control over […]

How Many Times Can You Do A Consumer Proposal

Ever felt like you’re stuck in a financial maze with no exit in sight? Debt can weigh you down, making every day feel like an uphill battle. But what if there’s a way to reset and start fresh? How many times can you do a consumer proposal? The straightforward answer is that you can file […]

Who Can Put a Lien on Your House in Canada?

Liens can significantly impact property ownership in Canada, often catching homeowners off guard. Understanding liens—what they are, the types that exist, and who can place them on your property—is crucial for any homeowner. This article unpacks the complexities of liens, explores potential lien holders, and discusses the consequences they can have on property sales. It […]

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Can i still declare bankruptcy if I live outside Canada?

Can I still declare bankruptcy if I live outside Canada? I can no long make my credit card payments.

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One Response to “Can i still declare bankruptcy if I live outside Canada?”

Desmond West-Chow, CIRP said...

In order to file bankruptcy you need to meet a couple of criteria. 1) You must owe greater than $1,000 and 2) You must have either resided in Canada in the past 12 months or currently own property within Canada. If you fulfill those two conditions, you can contact a Trustee to arrange the filing of a bankruptcy and discuss your obligations during the process.