Question: If you file for bankruptcy to you have to stay in the same province until your bankruptcy is discharged? I’m currently living in Alberta but will need to go back to Ontario to live with my parents to go to school.
Answer: No, we have a number of clients who have relocated or moved after filing bankruptcy. We keep in touch with them and they complete most of their bankruptcy duties via mail and over the phone. If you relocate to a location where there are no local bankruptcy trustees we request approval from the Superintendent of Bankruptcy to do your counselling over the phone or make arrangements for you attend counselling sessions with a Trustee close to you.
It is important to note that the federal government lets each province regulate what their residents can keep if they go bankrupt. Alberta exemption legislation allows you to keep more property. You definitely want to consider filing bankruptcy before you relocate. Please do not hesitate to speak to us and we can provide you with more details.