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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Consumer Proposal & Bankruptcy

I`ve heard that my husband and I can`t do a consumer proposal,or file for bankruptcy do to the fact its are income and am on title on another home which has no mortgage so there is to equity in the home which is concidered an asset.What can we do now we have to many payments?

Posted from: British Columbia

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One Response to “Consumer Proposal & Bankruptcy”

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

The fortunante thing is that you have a sizeable asset that you can use to avoid having to file a consumer proposal or a bankruptcy.

As for what your options are, you can either re-mortgage the property to pay down the debts, sell the property or apply for a consolidation loan.