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

"*" indicates required fields

Phone

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 we lose our house if both of us declare personal bankruptcy

im in nova scotia canada, my husband and i do have debt problems my husband has a debt of about $4.000 solely in his name and i have one for about the same amount solely in my name, but we also have a morgage on our home and we are afraid to do a personal bankruptcy because we dont want to lose our home, we contacted different debt agencies but no one will help us.weve tried every thing we could think of, can you tell me if we would lose our house if either, or both of us declared personal bankruptcy.
thank you

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “will we lose our house if both of us declare personal bankruptcy”

Barton Goth, GCO, Bankruptcy Trustees said...

At this point, I don’t see any major value in filing for bankruptcy if your debt is only $10,000 and you have assets that you will loose worth $9000.00. It would probably be best to simply liquidate the RRSP’s and pay off as much of your debt as you can.
As for your husbands advice to not be truthful when filing a bankruptcy, you are correct that he is suggesting you commit fraud and by doing so you will find a bankruptcy will become very difficult
For more information you are best to contact a licensed trustee, but remember their advice will only be as good as the information you provide.