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financial responsibility for EX-permanent residents of canada

What are the consequences for not paying off credit card debts and student loan to a person who is no londer canadian permanent resident, resides outside of Canada and has no intention to come back?

Posted from: Quebec

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One Response to “financial responsibility for EX-permanent residents of canada”

Barton Goth – Goth & Company Inc. – Bankruptcy Trustees said...

This really depends on the people collecting for the loans you hold. Essentially, these collectors still retain all the collection rights they would have should you live in Canada, the only trick is it is a bit more difficult when you live in a different country. As a result you will often find it comes down to amount, the larger the amount, the more likely your creditors will spend the time and energy necessary to pursue you outside of Canada’s boarders.