Hi all,
Although this is hypothetical at the moment, I wondered if anybody knew the answer or could point me to some information online. I know I can call CIC but will do that as a last resort to avoid sitting in a phone queue for hours on end.
Basically, I live in Toronto and was nominated by Ontario on an OOPNP and then submitted my PR application 6 weeks ago. My PR application is in ECAS so I know it's being worked on so all being well, I'd hope to have PR for me and my family by Feb/Mar at the very latest. Currently I am here on a non-LMIA Temporary Work Permit (sponsored by the company I work for) and my wife and kids are on Visitors Records (so our only income is through my job).
Where the complication may arise is that the company I work for here in Canada has some major problems and there are internal rumours that if they don't sort out the problems soon, then they will run out of money. If they did enter bankruptcy, I'm certain due to their size (private company with $300m+ turnover), there would be some form of corporate bankruptcy put in place and the company would carry on trading for at least the short-term but I wondered;
* what are the implications on my PR application if the company ceased trading before I am awarded PR?
* what are the implications on my PR application if the company carried on trading but under some form of bankruptcy protection?
As I said, this is very hypothetical right now, but I'm curious as to what may happen. Any ideas anyone please?
Although this is hypothetical at the moment, I wondered if anybody knew the answer or could point me to some information online. I know I can call CIC but will do that as a last resort to avoid sitting in a phone queue for hours on end.
Basically, I live in Toronto and was nominated by Ontario on an OOPNP and then submitted my PR application 6 weeks ago. My PR application is in ECAS so I know it's being worked on so all being well, I'd hope to have PR for me and my family by Feb/Mar at the very latest. Currently I am here on a non-LMIA Temporary Work Permit (sponsored by the company I work for) and my wife and kids are on Visitors Records (so our only income is through my job).
Where the complication may arise is that the company I work for here in Canada has some major problems and there are internal rumours that if they don't sort out the problems soon, then they will run out of money. If they did enter bankruptcy, I'm certain due to their size (private company with $300m+ turnover), there would be some form of corporate bankruptcy put in place and the company would carry on trading for at least the short-term but I wondered;
* what are the implications on my PR application if the company ceased trading before I am awarded PR?
* what are the implications on my PR application if the company carried on trading but under some form of bankruptcy protection?
As I said, this is very hypothetical right now, but I'm curious as to what may happen. Any ideas anyone please?