How to Stop CRA Garnishment After Receiving an RTP Demand Payment Letter

Ever felt the stress of unexpected financial setbacks? How to stop CRA garnishment is a question many Canadians face when dealing with debt issues and a RTP (Requirement To Pay) from the Government of Canada. Understanding the steps to halt this process can alleviate a significant amount of stress and help you regain control over […]

How Many Times Can You Do A Consumer Proposal

Ever felt like you’re stuck in a financial maze with no exit in sight? Debt can weigh you down, making every day feel like an uphill battle. But what if there’s a way to reset and start fresh? How many times can you do a consumer proposal? The straightforward answer is that you can file […]

Who Can Put a Lien on Your House in Canada?

Liens can significantly impact property ownership in Canada, often catching homeowners off guard. Understanding liens—what they are, the types that exist, and who can place them on your property—is crucial for any homeowner. This article unpacks the complexities of liens, explores potential lien holders, and discusses the consequences they can have on property sales. It […]

FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

This field is hidden when viewing the form

Source

How can we help you?

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

This field is for validation purposes and should be left unchanged.

Select Trustee By Province

Declaring Bankruptcy and leaving the country.

I`am a Canadian citizen , I have a debt of 122K in Canada , I`am currently unemployed and I`am planning to leave the country in a few months. If i declare bankruptcy now can I …..

1. Leave the country before discharge? How long should I plan on staying after declaring bankruptcy?

2. Pay reasonable relocation expenses prior to bankruptcy? (Temporary accomodations , Cattle class air tickets , shipping of personal effects , etc)

3. While outside Canada , can I obtain a credit card without having to declare that I`am a bankrupt?

4. Receive the discharge without returning to Canada?

5. Appoint a representative in Canada to deal with the trustee on my behalf?

6. Deal with the trustee entirely by snail mail or email? (No telephones)

Posted from: Ontario

Share this post:

X (Twitter) Facebook LinkedIn Email

One Response to “Declaring Bankruptcy and leaving the country.”

Barton Goth GCO Bankruptcy Trustees said...

I will answer each question in order.

1. There is nothing that prevents you from moving abroad while in bankruptcy. However it is helpful if you stay in Canada long enough to complete both of your conselling sessions, so roughly 3 month.

2. In terms of relocation expenses, as long as you are paying what is required by the trustee, the rest is up to your discretion.

3. You have an obligation when borrowing/applying for credit greater tahn $500 do disclose that you are in bankruptcy. This is a requirement of the process and is not simply limited to while in Canada. So the answer is if the amount you are applying for is greater than $500 yes you must disclose it.

4. The discharge is a little more difficult to answer. If your case is straightforward and you complete all your obligations under the act then yes, however if your case is more difficult you would need to be in attendance at court when a discharge is requested.

5. You wouldn’t be appointing a representative as it is your duty to stay in touch with the trustee.

6. Likely most communication could be done via mail/email, but you may have to call the trustee periodically.