FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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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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staying on title of home

Can I declare personal bankruptcy and stay on title on my house. There is no equity in the home and a mortgage of 438,000, and an assessed value of about 450,000.

Posted from: British Columbia

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One Response to “staying on title of home”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

With no equity in your house you likely won’t have any issues with retaining the property. Although, this is based on the assumption that you will continue to make the monthly mortgage payments. The only time a bankruptcy really impacts your house is if you have significant equity in the property, which you don’t.