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

"*" indicates required fields

X/Twitter

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

bancrupcy

I want to take my name off the morgage as my partner is very nervous to lose the house which is mostly his…can i do this and then claim bancrupcy?

Posted from: Alberta

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “bancrupcy”

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

I would recommend against this. Firstly, the bank is not likely to remove your name unless your partner is able to qualify for the mortgage all on their own, and even then it is questionable. From the banks standpoint that puts them in a more risky position than they would be in with two people listed and they tend to like the added security.

The second reason is that as soon as things are changed prior to filing bankruptcy, even if it is innocent, it appears that you may be involved in something that is done to thwart the rights of creditors (i.e. arranging finances in a manner that is detrimental to the people you owe money to). Even if your intentions are harmless it may result in increased scrutiny of this and other transactions and you are best to simply not go down that road as it will result in a significantly smoother bankruptcy process.