Does US Bankruptcy force filing of Canada bankrupty?
August 10th, 2009 by Questions
If someone who lives in Canada has real estate in the US that goes into foreclosure, and they are forced to declare bankruptcy in the US to hold off the creditors there, is it required to declare bankruptcy in Canada, even though the financial situation in Canada is totally solvent? That is, can US creditors reach across the border to obtain their due if no Canada bankruptcy declaration is made?
Posted from: Alberta