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
2025-06-19
With the school year beginning and thousands of Canadian students beginning a new semester of post-secondary studies, all those hard-earned dollars from summer gigs are now being applied to tuition, books, transportation, housing, and supplies.
2025-06-18
The cost of daily goods has been rising over the past few years — increasing the price of food, gas, clothing, and many other essential items that Canadians need in their day-to-day lives.
2025-06-16
Bankruptcy Alternatives to Bankruptcy
Let’s review what a Consumer Proposal is, as well as the pros and cons of filing a Proposal, to help you determine if it’s the right solution for your unique situation.
