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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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House Sale

Please clarifi the number of years allowed after the sale of a home, to apply for protection ?

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One Response to “House Sale”

Barton Goth GCO Bankruptcy Trustees said...

There is no set number, you can apply for protection the day after the sale or even the during the sale proceeds. What becomes important is the amount of the sale, the amount of the mortgages, the level of exemption availble in the provice, whether any proceeds were received from the sale of property and what was done with those proceeds.

For more information you are best to contact a local trustee directly.