us debt and bankruptcy in Ontario
Question: I have an outstanding debt in the usa. I plan to declare bankruptcy in canada. Can I include this debt in my list? The debt also includes my wife's name as responsible for the debt? We are in the process of a divorce?
Answer: Yes, you must include all debts. However, most U.S. creditors will not recognize a Canadian bankruptcy, meaning if you are ever employed in the U.S. they may attempt to collect from you. They cannot pursue you in Canada after you go bankrupt. Your trustee can provide further information.
Answer: Yes, you must include all debts. However, most U.S. creditors will not recognize a Canadian bankruptcy, meaning if you are ever employed in the U.S. they may attempt to collect from you. They cannot pursue you in Canada after you go bankrupt. Your trustee can provide further information.
Labels: bankruptcy
posted by Questions @ 4:47 PM
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