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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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U.S and Canadian debts combined

Are U.S. debts included/eligible in a Canadian bankruptcy? If a Canadian citizen is returning to Canada after years working in the U.S. and has accumulated excessive U.S. and Canadian debt, will Canadian bankruptcy manage U.S. debts?

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One Response to “U.S and Canadian debts combined”

Barton Goth GCO Bankruptcy Trustees said...

Canadian legislation can only clear you from Canadian debts. If you want to be cleared from debts in the Uniteed States you must file a bankruptcy there.

However, the bankruptcy legislation will protect you from collection attempts of your creditors while in Canada, but if you leave to visit the US there is no protection in place.