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
October 31, 2012 at 8:57 am, 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.
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