2009-06-01
If you file a bankruptcy under Canadian law, the California creditor has to abide by Canadian law if it plans to take collection action in Canada. i.e., a Canadian bankruptcy will stop collection action in Canada by a foreign based creditor. There are a few creditors who can still collect in a bankruptcy, but if the California creditor is a credit card issuer, bank, retailer, etc., they would be stopped by the bankruptcy. If you have assets in the U.S., you should get in touch with one of our trustees - that gets a little bit more complicated. Also, if you were to move to the U.S., Canadian law doesn't apply there and that creditor could resume collection action against you in the U.S. Judy Scott Meyers Norris Penny Limited [email protected] 604-949-2100
2025-04-25
Debt collection can be a daunting experience for many Canadians. Navigating the process alongside MNP’s team of experts can help you better understand how it will impact your credit score and gain the knowledge needed to maintain your financial health well into the future.
2025-04-25
Bankruptcy
Filing for Bankruptcy is a significant decision that can provide a fresh start for Canadians overwhelmed by debt. However, it’s essential to approach this process with caution and awareness to avoid common pitfalls and make informed decisions to protect your financial future.
2025-04-24
Filing a Consumer Proposal can feel overwhelming, but it’s not the end of your financial journey.
