My home is about to be foreclosed on as I have been unable to sell it and can no longer pay the mortgage. Once it is foreclosed on and CMHC comes after me for the shortfall would the debt then be considered an unsecured debt and give me the option for partial bancruptcy through a […]
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Alternatives to Bankruptcy: Learn about Your Options
Are you trying to deal with your debt, but also avoid bankruptcy? - There are several alternatives to bankruptcy that are available to you, and each of them has its pros and cons. Knowing the details on how each of the options works will allow you to choose the one that best fits your unique situation.
To learn more about your bankruptcy alternatives:
- Follow the links at top left to read our articles on different alternatives to bankruptcy.
- Read the latest expert responses to anonymous questions on bankruptcy alternatives, below.
- Search our blog archive for "alternatives" or for one of the specific options identified in our articles (e.g. consumer proposals):
To ask a question about alternatives to bankruptcy:
- Post, anonymously, your questions about bankruptcy alternatives to our blog.
- Request a free evaluation of your situation to get an expert's opinion on which bankruptcy alternative is best for you.
- Email your question to a bankruptcy trustee in your area, who will be glad to respond to your individual situation.
You can also contact a trustee near you for a consultation. Your first meeting will be free of charge or obligation, and will deal exclusively with your personal circumstances.
For questions on how to avoid bankruptcy, on alternatives to bankruptcy, and on related topics, trust the experts at Bankruptcy Canada!
The latest questions on bankruptcy alternatives, with our experts' responses:
Posted on Friday, August 20, 2010
posted by Questions @ Can a husband and wife do a joint Division I proposal with their limited company? Is this permitted by the BIA?
Posted from: British Columbia
Posted on Sunday, August 1, 2010
I have a house that I have been unable to live in since April, 2010 due to a leaking roof making the house inhabitable. My insurance has refused to help. I am still making mortgage payments but the value is about $200,000. The problem would cost at least $50,000 to […]
Posted on Thursday, July 22, 2010
Hi, I am a banker and the majority of my debt comes from the bank that I worked for,
I wonder if i could be dismissed by my company withe the debt settlement, or consumer proposal plan.
thanks.
Posted from: British Columbia
Posted on Friday, June 11, 2010
I just received a treat for legal action against a credit card debt more than 9 years old with out any payments for aprox. 7 years. With the statute of 2 years on credit card debt, can they take legal acton against me? I am unaware of any judgement agaist me to extend it to […]
Posted on Friday, June 11, 2010
please explain what `judgement` means and how it works
Posted from: Ontario
Posted on Tuesday, June 1, 2010
i am 5000 dollars in debt for the past 2 years i have payed it down to 2000 then i get back up again to 5000 im 28 female and i should not have a credit card what can i do
Posted from: Ontario
Posted on Friday, May 21, 2010
My spouse and I are separating. We have approx. 65,000.00 in joint debt and a house with a mortgage of 180,000.00. It is our only asset. He would like for me to keep the house and the kids. His take home pay is $3600 a month and mine is $2600 a month. What is the […]
Posted on Thursday, May 13, 2010
I lost my job in March 2008 (auto industry lay off). I did not find another job yet, my EI was finish and had to apply for Social Assistance ( my only income presently). I haven`t been able to pay my creditors (3). One of the collection agency (DRM) called me and stated if […]
Posted on Monday, April 26, 2010
Currently going through an DMP @ 1100 a month. Was ok but am splitting with my significant other and can`t see myself continuing with this payment. Have been in it for 1.5 yrs. What are my options for decreasing the debt load and what are the impacts
Posted from: Alberta
Posted on Monday, April 19, 2010
