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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Bankruptcy While Living in the US

My question is this: I currently reside in the United States; however I am a Canadian Citizen. I have a bank loan here in Canada; but was recently laid off work. I have established a good credit rating in the US; however find myself unable to pay on my loan in Canada. If I declare bankruptcy in Canada, how will this affect my credit, if at all, in the US? Thank you.

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One Response to “Bankruptcy While Living in the US”

Barton Goth, GCO Inc. Bankruptcy Trustees said...

There really shouldn’t be any overlap, but you may want to contact Equifax to confirm this. As our economy becomes more and more globalized you may find that this changes over the next 5 to 10 years.