Connecting You with Trusted Licensed Insolvency Trustees – We’re Here to Guide, Not Decide. Learn More

Free Consultation

Can you keep your home if you declare bankruptcy?

If you declare bankruptcy, can you keep your family home? Is there anyway to guarantee this before proceeding with a bankruptcy claim?

One Response to “Can you keep your home if you declare bankruptcy?”

Barton Goth GCO Bankruptcy Trustees said...

There is never a guarantee, but as long as you are up to date on your mortgage payments and the equity in your house is less than or equal to the allowable exemption in your province then you shouldn`t have any problems.

The biggest determining factor is the province in which you live as teh equity exemptions fluctuate significantly across the country.