Question: can i file bankruptcy in Canada on American bills?
Answer: Legally, filing personal bankruptcy in Canada discharges all of your debts, both in Canada and in the United States. However, American courts and creditors do not typically recognize legal proceedings in other countries.
In practice, this means that your American creditors would not be able to pursue you in Canada, but if you were to return to the United States they could attempt to collect from you. In that case, it may be necessary to file for bankruptcy in America.
Answer: Legally, filing personal bankruptcy in Canada discharges all of your debts, both in Canada and in the United States. However, American courts and creditors do not typically recognize legal proceedings in other countries.
In practice, this means that your American creditors would not be able to pursue you in Canada, but if you were to return to the United States they could attempt to collect from you. In that case, it may be necessary to file for bankruptcy in America.
Labels: bankruptcy America, bankruptcy Canada, personal bankruptcy
posted by Questions @ 5:35 PM
3 Comments:
Great article
http://www.your-bankruptcy-information.com
By
Scott,
at 9:42 AM
Bankruptcy lawyers in Canada explain the primary purposes and applications of bankruptcy laws and how they function to relieve individuals and businesses from indebtedness and provide a fresh financial start. Attorneys of bankruptcy in Canada Practice two basic types of bankruptcy proceedings: liquidation and debtor rehabilitation involving a court-approved plan of reorganization and payment of the debts over a period of time using future earnings.
http://www.lawyersindemand.com/
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at 11:13 PM
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