Search site             Home line  About us line  Contact us line  Ask an expert   line  Forms line  Corporate recovery      

Alger Bankruptcy Services


Same team, new name

Alger & Associates personal bankruptcy services are
now provided by
Grant Thornton Alger Inc.

Receive a callback from one of our bankruptcy trustees

 

Edmonton, Calgary bankruptcy Q&A forum

Author:

 

Question:

 

I own a house in The Netherlands. For a number of years it has been impossible to maintain and with the drop in the housing market, it will be sold by the bank and will most likely realise a net loss of approximately $500,000. I've used all my available capital and have nothing more to give to this. Can the Dutch bank pursue me in Canada for this debt? Can I declare bankruptcy to avoid this? I have debts here in Alberta but at current repayments I will be clear of these in 2 years. Thanks for your help.



From:

 

Alger & Associates Inc.

Date:

 

Feb 18, 2013

Answer:

 

Yes, the bank can pursue you however they would have to retain counsel in Canada and have the Dutch judgement recognised in the Canadian Courts. A bankruptcy filing in Canada will stay any action the Dutch bank can take in Canada and upon completion of the bankruptcy the Judgement will not be enforceable in Canada. If you file for bankruptcy in Canada all of your debts must be included. Thanks for the question.

Marie Kozlowski
T 403-296-3082
Marie.Kozlowski@ca.gt.com

 

For Alberta Bankruptcy help, call TOLL FREE from anywhere in Alberta: 310-8888
We're here until 9 PM weekdays and 9 AM to 4 PM on Saturday to take your call

 

 

All locations
310-8888

© 2011 Grant Thornton Alger Inc. • All rights reserved


back to Bankruptcy Alberta home

Confidential callback from a bankruptcy professional

Please call me

As soon as possible
Today at
Next business day at

My Phone # 

Extension  

Ask for  

×

×