Overseas creditor

October 31st, 2012 by Questions

I have outstanding debt overseas. Can an overseas creditor come into Canada and take legal action against me – i.e. garnish my wages, take away my home?

Posted from: Alberta

Questions

One Response to “Overseas creditor”


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

Yes an overseas creditor can take legal action against you. It is a little more costly as they will likely have to hire a Canadian representative to do so, but they would have the same collection rights as a domestic creditor. So that would include, legal action, garnishment, and potentially seizure of assets like your home, although what can be seized depends on very specific rules, but it is definitely a possibility.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)