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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morgage into bankruptcy

i do NOT want to keep my home. It IS the problem of my debt. how do i include my home (it has no equity) into my bankruptcy. Or how do i get out of my morgage???

Posted from: British Columbia

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One Response to “morgage into bankruptcy”

A licensed trustee said...

You have the right to surrender your home to the mortgage company if you can’t afford to keep it. The mortgage company will sell it and if there is a shortfall, they will contact you to arrange repayment.

This type of debt may be included in a bankruptcy (or a proposal) – it depends on how much other debt you have and your ability to repay the total amount that you owe whether or not bankruptcy (or a proposal) may make sense for you.

Use the links on this page to find a trustee in your area and give them a call – they can explain your options in greater detail and then you can make an informed decision about what to do.