Can I declare bankruptcy in Canada if I am not in the country?

In Anonymous Q & A, Bankruptcy, Burlington, Ontario by Questions1 Comment

I have obtained some debt in Canada while I was in the country working. I lost my job and returned to the UK. Can I declare bankruptcy in Canada if I am not in the country?

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  1. Doug Stuive, CA | Trustee | CIRP

    In order to file for bankruptcy in Canada you need to meet three criteria:

    – Applicant must not currently be bankrupt
    – Applicant owes $1,000 to one or more creditors, is unable to pay debts as they become due, has ceased paying debts in the ordinary course of business as they become due or has debts that exceed the fair market value of the individual’s property
    – Applicant resides or carries on business in Canada or has property in Canada

    If you meet the above noted criteria you would be able to file a bankruptcy while out of the country. Your Trustee would work with the government to make arrangements for you to have your documents signed in the presence of an appropriate agency, perhaps through the Canadian embassy.

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