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

"*" indicates required fields

Comments

This field is for validation purposes and should be left unchanged.

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

Total Unsecured Debt*

*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

This field is hidden when viewing the form

Source

How can we help you?

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.

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Select Trustee By Province

Will I lose my house in the bankruptcy

My wife and I bought a house 3 years ago with the minmum down payment so there’s not much equity in the property. If we file for bankruptcy, will we be able to keep the house.

Thank you

New Brunswick

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “Will I lose my house in the bankruptcy”

A licensed trustee said...

In most provinces, if there is no equity in your house, you would not lose it if you filed for bankruptcy.

If your housing costs are high (mortgage payments, property taxes, utilities, etc.) it is often prudent to surrender the house when you go bankrupt.

Either way, you should have a detailed discussion with your trustee before filing bankruptcy so that you understand what may happen to your house.