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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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Home Equity

If during my bankruptcy the equity in my home drops below $40,000 am I still required to pay the over amount?

Posted from: Alberta

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One Response to “Home Equity”

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

You will need to discuss this with your local trustee. It is likely this change in equity may be to be taken into account.