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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Can I keep my house???

Basically, after attempting to find a job in Alberta …

…there is just nothing left to flip back and forth…

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2 Responses to “Can I keep my house???”

Barton Goth, GCO Inc. Bankruptcy Trustees said...

In most cases the bank would prefer you kept the house and continued to make payments on the mortgage (as they will make significantly more as a result of the interest than if they are forced to foreclose on the property). As a result, while it is always possible the CIBC would be willing to do this, it would very much surprise me.

As for equity in your house, I am not in a position where I have sufficient information to determine this, but all you need to do is take the current market value of the house and subtract the existing balance on the mortgage, the difference is the equity.

A licensed trustee said...

I have reduced this question down to its opening an closing line.

While I appreciate the obvious anxiety that the writer is experiencing – this site isn’t designed to deal with individual’s situations in detail. We can only answer general questions – we can’t provide specific advice or detailed responses. I am sorry, it’s simply not possible on a blog.

Use the links on this page to find a trustee in your area and send the information you posted to us to that trustee. They can provide you with the detailed guidance you require.