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Old 04-03-2011, 05:33 PM   #1
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Default Collection of debt in foreign country when debtor dies

I have a Canadian Credit card debt and a debt to former husband. My only income is pension money. If I die with this debt, can the Canadian debtors claim my property in Costa Rica?
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Old 04-03-2011, 05:43 PM   #2
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Default Re: Collection of debt in foreign country when debtor dies

I wish to inform you that your creditor may have your property but in this regard the process and laws of two countries will get involved. In this regard firstly the creditor will have to obtain judgment against debtor in Costa Rica and can then have claim against debtor. Alternatively, judgment of Canada's court may be enforced after satisfying conditions of "Bustamante Code" of Costa Rica regarding recognition of foreign judgment. Creditor will first be required to know the details of your whereabouts and then must present its claim.

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Old 04-04-2011, 11:56 AM   #3
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Default Re: Collection of debt in foreign country when debtor dies

It will be difficult for them to do frankly but in theory your estate and all assets are liable for all debts.

They will probably not even know you are in CR.
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