Debt questions from around the world, helping each other by giving and receiving advice on UK based debt.

Moderators: TalbotWoods, JaneClack

By seoulguy
#219927 Hey. Going with the topic of the month, I am curious about leaving my debt in Canada.

I have about 60,000+ CDN in debt. Most of it is in student loans, osap(provincial) and federal loan.

I was thinking of just paying off my visa and my small student loan attached to my bank account. Closing my bank. And then just ignoring my other loans.

I live in South Korea now, and am married to a Korean.

It was stated in the monthly article that Canada and the UK have an agreement which allows the debt to be collected in the other country.

Is this the same between South Korea and Canada?

I have no personal problem with avoiding the debt. I just don't want it to come back and bite me later.

Also. Assuming they never were able to come collect in Korea, could they affect my Canadian passport at all. For instance, put a warrant or something such that if I ever went back to canada to visit I would be flagged and then forced to a court date or something.
User avatar
By JaneClack
#219931 This was a very old topic of the month I have to say!

I do not know about any reciprocal agreements and you will have to wait until someone with Canadian knowledge posts on this section I am afraid.