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

"*" indicates required fields

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

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?*

Total Unsecured Debt*

*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.

This field is hidden when viewing the form

Source

How can we help you?

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.

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.

Select Trustee By Province

Impact of bankruptcy on credit rating overseas

Hi,

My family and I relocated to Canada a few years ago for a change of lifestyle… and a better life. The irony is that we have basically spent what money we had on relocating and establishing our new lives, and have been unsuccessful in generating the income levels we previously had. We have $70,000 equity in our home, which we are trying to sell, but this will just about cover our debts IF we can sell it and get close to the asking price. My question is this: if we are unsuccessful in selling our house and elect to declare ourselves bankrupt, what happens to our credit history if we return overseas to our country of origin?

Posted from: New Brunswick

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “Impact of bankruptcy on credit rating overseas”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

Typically a credit rating is country specific. So the filing of a bankruptcy in one country doesn’t impact the other countries rating. However, there is nothing preventing people checking your credit rating in both countries, and if this is done your Canadian rating may indirectly have an impact.