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*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

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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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Asset in USA

If I go Bankrupt in Canada, what happens to asset in the USA

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One Response to “Asset in USA”

Barton Goth GCO Bankruptcy Trustees said...

All assets, wherever situated, vest in the trustee. So it makes no difference what country your assets are located in, if you file bankruptcy they are forefitted and must be realized on by the trustee for the benefit of the creditors.