Search found 5 matches

by Josie Yang
Thu Jul 21, 2005 2:46 am
Forum: Canada / United States Tax & Accounting
Topic: US BK & Canada
Replies: 10
Views: 13205

I have a couple of questions: 1. Are settlement funds for Canada and all the money an immigrant brings taxable upon landing in Canada? 2. Is it not allowed to max out credit cards before filing BK?
by Josie Yang
Wed Jun 15, 2005 3:36 am
Forum: Canada / United States Tax & Accounting
Topic: US BK & Canada
Replies: 10
Views: 13205

Now I understand you better. Still, my question is...whether one has a BK record in US or not, he or she has to start small by establishing his credit in Canada? If yes, then the US BK has nothing to do with one's credit build up in Canada. For one could have the best credit in the US and still have...
by Josie Yang
Wed Jun 15, 2005 12:46 am
Forum: Canada / United States Tax & Accounting
Topic: US BK & Canada
Replies: 10
Views: 13205

I'm sorry if I didn't quite get you. In fact, I don't quite get you yet. Why should I encourage the Canadian creditors to look at my US credit history if I've a BK record in the US? The question is how could I prevent them from looking at my US credit record. That's my concern. For example, Visa and...
by Josie Yang
Tue Jun 14, 2005 8:07 pm
Forum: Canada / United States Tax & Accounting
Topic: US BK & Canada
Replies: 10
Views: 13205

Thanks but this is the opinion of a lawyer which contradicts yours:

"You could have a bankruptcy on Mars and anybody looking at your credit application on Earth would certainly weigh that as a factor when determining your financial responsibility."
by Josie Yang
Tue Jun 14, 2005 1:03 pm
Forum: Canada / United States Tax & Accounting
Topic: US BK & Canada
Replies: 10
Views: 13205

US BK & Canada

Does a landed immigrant with bankruptcy record in US affect his credit establishment in Canada?