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Debt consolidation vs. consolidating credit: What’s the difference?
Lifestyle Debt
Financial jargon can be murky at the best of times. Downright frustrating when you’re sinking in the depths of unmanageable debt.
If I File For Bankruptcy, Does It Affect My Citizenship Process?
2013-06-14
Author: Rob Shier
To the best of our knowledge, filing an assignment in bankruptcy (or a consumer proposal) under the Bankruptcy and Insolvency Act would not preclude or prevent you from becoming a citizen. However, if you are an undischarged bankrupt, you may not apply to be a sponsor for someone to come to Canada until you have been discharged.
Prior to making a final decision with respect to filing for bankruptcy and the potential impact on your citizenship application, you should first contact Citizenship and Immigration Canada (http://www.cic.gc.ca).
For further information regarding filing for bankruptcy or filing a consumer proposal, please contact your local MNP office for a no-cost, no-obligation, consultation to assist you to determine the best options for you.
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