Canadian Bankruptcy or Consumer Proposal if you Live Abroad

Filing a Canadian Bankruptcy or
Consumer Proposal From Overseas

Filing Bankruptcy on Canadian Debt From Outside of the Country

Canadian Bankruptcy or Consumer Proposals if you Live Abroad

People from Canada that are living in another country may go bankrupt or enter into a consumer proposal to deal with the debt they owe in Canada.

  1. Individuals from Canada may file bankruptcy from the country they reside in.By filing bankruptcy abroad they will also be relieved of their Canadian debt as long as they remain in that country.By returning to Canada their debt will be reinstated and the money will be still owed.

Canadian Bankruptcy or Consumer Proposals if you Live AbroadUS Bankruptcy

2) The debtor can regain their Canadian residency and they will then be able to go bankrupt or file a consumer proposal to their creditors in Canada for their Canadian debt.

3) The individual may file for bankruptcy or file a proposal under Canadian law while living in that foreign country if:

They own Canadian property (re: definition of “insolvent person”) which could include money, things in action, goods they own, land and every description of property, whether real or personal, legal or equitable;

or if they have conducted business in Canada in the prior 12 months (re: definition of “insolvent person” and definition of “locality of a debtor”).

If you think you qualify to go bankrupt or file a proposal while living in that foreign country the next step would be to fill out an information form and then contact a trustee, where you used to live in Canada:

Bankruptcy Form

Trustee Locator

The trustee will have to get permission from the Office of the Superintendent of Bankruptcy for the debtor to go bankrupt or file a proposal in that foreign country without the person coming back to Canada.

Getting out of debt is possible and a trustee in bankruptcy can guide you through the process.

Need Help Reviewing Your Financial Situation?
Contact a Licensed Trustee for a Free Debt Relief Evaluation

Call 877-879-4770



Get Your Free Consultation With a Licensed Debt Relief Expert Now!

Find out how you can quickly get out of debt by setting up a free consultation with us today.

Get out of Debt and have family bliss and happiness

Find Your Personal Debt Relief Solution

Licensed Insolvency Trustees are here to help. Get a free assessment of your options.

Legally Cut Your Debt By 80% And Stop Interest Charges

Stop Interest Charges Immediately
Unfreeze Bank Accounts
Stop Wage Garnishment
Stop Legal Actions

I was feeling overwhelmed by my credit debt, constantly receiving calls and letters from debt collectors, which caused a great deal of stress. It seemed like there was no way out of this situation. However, I discovered Bankruptcy Canada while listening to my local talk radio station. This organization proved to be friendly, empathetic, knowledgeable, and professional, with extensive experience in their field.

During our initial meeting, they took the time to understand my debt and financial circumstances. They explained the various options available to me and helped create a personalized plan that would be most beneficial for my situation. With their assistance, I was able to avoid declaring bankruptcy by presenting a consumer proposal to my creditors. Fortunately, my proposal was accepted, and I am extremely relieved to finally be free of debt, all thanks to BankruptcyCanada. The burden on my shoulders feels significantly lighter now, and I truly believe that Bankruptcy Canada has the most skilled specialists in debt relief.