Tag Archives: bankruptcy & mortgage

I Want to Declare Bankruptcy But…
By Joel Sandwith
11 Aug 2017 | Category: Bankruptcy in Ontario | (2) comments
bankruptcy misconceptions myths

I have been meeting with people for many years – reviewing their situation, discussing the issues that have caused them to fall into a debt crisis, and looking at the options that will best suit their situation. Sometimes people come in wanting to file a bankruptcy only to find out that…

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Can I Sell My Home During A Personal Bankruptcy?
By Rebecca Martyn, Trustee
17 Jul 2015 | Category: What You Keep or Lose | Leave a comment
house mortgage bankruptcy

When deciding whether to keep your house when you file for bankruptcy, you need to consider several factors.  Ask yourself these questions and make sure to answer honestly: Do I want to keep it? Can I afford to keep it? For some people, they see filing  bankruptcy as a chance to get a…

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Are Property Taxes Considered Debts Included in Bankruptcy
By Joel Sandwith
12 Sep 2014 | Category: Debts In Bankruptcy | Leave a comment

Whether or not property taxes are discharged by filing bankruptcy is not a simple question. The answer is:  it depends. The difference lies in whether or not your outstanding property taxes remain a charge against the property. Let’s expand on that with a couple of examples. Scenario 1: Giving Up Your Home…

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What Happens to My Mortgage Debt After Filing Bankruptcy?
By Scott Schaefer, Trustee
21 Mar 2014 | Category: Debts In Bankruptcy | (2) comments
mortgage debt after filing bankruptcy

A mortgage is a debt secured against the value of your house. Secured debts, including a mortgage, are not debts covered by filing a personal bankruptcy. If you own a home and are experiencing financial difficulty, how your mortgage debt is affected by filing bankruptcy depends on whether you decide to keep your…

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