Foreign Debt


To Whom it may concern,

I am a Canadian citizen and have returned to Canada after leaving UAE due to the financial condition of the company which I had formed as an LLC entitiy.

I have liabilities in the UAE with Banks, Raw Material suppliers and this can’t be paid back due to bankruptcy.

I would like to know can I file bankruptcy in Canada for the liabilities and losses I have incurred in the UAE

As there is no bankruptcy protection act in the UAE.

Look forward to your kind reply and direction.






Category: asked November 8, 2018

1 Answer


It appears that you can file a bankruptcy in the UAE. See these two articles:

Financial Times: UAE bankruptcy no longer leads straight to prison:

What you need to know about the UAE bankruptcy law:

There would be no point in you filing bankruptcy in Canada since your debts are in the UAE.