Sponsoring Spouse Bad credit

[xmaanix]

Hi seniors i have a question.
I am planning to sponsor my wife from Pakistan but i have very bad credit and have alot of debt to pay but i have not filed for bankruptcy yet, maybe in future i will. Will i have any issues in sponsoring my wife? Please help and thanks alot in advance

 

[k.h.p.]

If you file for bankruptcy you will have issues. Bad credit in and of itself is not a problem.

 

[xmaanix]

So if i have debt and i have very bad credit as long as i havent filed bankruptcy there is no issue in sponsoring

 

[k.h.p.]

So if i have debt and i have very bad credit as long as i havent filed bankruptcy there is no issue in sponsoring

Being an undischarged bankrupt prevents you from sponsoring your spouse. Debt does not.

Try to avoid bankruptcy.

 

[xmaanix]

So whats your suggestion?
should i sponsor first and declare bankruptcy after my wife is here?

 

[Qwertypod]

You still have the option for a Consumer Proposal (1 step away from bankruptcy). That won't affect your sponsorship, but the companies/banks you owe to must all (or most) agree to your proposal. Speak with a debt advisor about this, they are well versed of immigration implications and will be able to help you out. Consultations are generally free.

 

[k.h.p.]

So whats your suggestion?
should i sponsor first and declare bankruptcy after my wife is here?

I am not qualified to give you financial advice.

All I can say is that being an undischarged bankrupt bans you from sponsoring your wife.

Follow the advice and seek out professional help.

 

[kwgcda]

You still have the option for a Consumer Proposal (1 step away from bankruptcy). That won't affect your sponsorship, but the companies/banks you owe to must all (or most) agree to your proposal. Speak with a debt advisor about this, they are well versed of immigration implications and will be able to help you out. Consultations are generally free.

^^ What they said. Make an appointment with a debt advisor, a consumer proposal is a great option for getting out of debt without having to go the bankruptcy route (speaking from experience).