Bankruptcy in Chatam, and in Canada

by J. Douglas Hoyes on February 23, 2010

Chatham has had a number of challenges over the last few years. Plants have closed, and jobs have been scarce. The recession has hurt Chatham more than other cities in Canada.

One of the questions I am often asked is this: What happens if I leave Chatham to find a job; can I file bankruptcy somewhere else? Can I file bankruptcy in Canada, even if I lived in Chatham for many years?

The answer is yes, you can file bankruptcy anywhere in Canada. Bankruptcy is federal law, so the rules are similar anywhere in Canada. The only significant difference is what you are allowed to keep when you go bankrupt in Ontario, because those rules are subject to provincial law.

For more information, consult the bankruptcy Canada website.

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

Previous post:

Next post: