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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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Coming back to Canada to File for bankruptcy?

I moved to asia last year and have a large debt of about $50,000 on my credit cards and $20000 in taxes owed. I have no assets in Canada or asia and I work in asia but I make not enough money to pay down the debt. If I come back to Canada can I file for bankruptcy. I want to file and return to asia after dealing with the counselling meetings etc. Is this possible?

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One Response to “Coming back to Canada to File for bankruptcy?”

Barton Goth GCO Bankruptcy Trustees said...

If you return to Canada, as long as you owe more than $1000.00 and are a current resident in of Canada, you will be eligible to file for a bankruptcy and shouldn’t have any trouble doing so.

All you will really need to do is contact a licensed trustee and they will help you through this process.