I am a landed immigrant and applied for my citizenship also. I am running a small business but because of some problems I am going to file bankruptcy. My question is that, if I filed the bankruptcy does it affect my citizenship process?
To the best of our knowledge, filing an assignment in bankruptcy (or a consumer proposal) under the Bankruptcy and Insolvency Act would not preclude or prevent you from becoming a citizen. However, if you are an undischarged bankrupt, you may not apply to be a sponsor for someone to come to Canada until you have been discharged.
Prior to making a final decision with respect to filing for bankruptcy and the potential impact on your citizenship application, you should first contact Citizenship and Immigration Canada (http://www.cic.gc.ca).
For further information regarding filing for bankruptcy or filing a consumer proposal, please contact your local MNP office at http://www.mnpdebt.ca/en/personal/contact for a no-cost, no-obligation, consultation to assist you to determine the best options for you.
Marvin Zweig, CA-CIRP, Trustee
Senior Vice President.