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Q & A: Bankruptcy and Settlement Funds

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Q. My husband and I would like to immigrate to Canada. Unfortunately, my finances are a wreck and I may have to file for personal bankruptcy — will this impact on our chances to immigrate in five years?

Answer: Although bankruptcy is not a bar to Canadian immigration, it may be taken into account by an immigration official whose task is to determine if you are likely to successfully establish yourself in Canada. The circumstances of the bankruptcy would be relevant.

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