Monthly Archives: April 2008

Can I surrender my home without major damage to my credit?
By Bankruptcy Ontario Trustee
28 Apr 2008 | Category: Bankruptcy in Ontario
bankruptcy and mortgage

Question: I am no longer able to keep up with costs of maintaining my home. I am one month behind on a mortgage payment. Can I surrender my home to the mortgage company without claiming bankruptcy in Ontario and/or damaging (further) my credit rating that the mortgage arrears have already done?…

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Ontario Bankruptcy Statistics 2007
By Bankruptcy Ontario Trustee
05 Apr 2008 | Category: Bankruptcy in Ontario | Leave a comment

In 2007 the rate of personal bankruptcy and consumer proposal filing increased by 8.2%. Consumer bankruptcies increased from 29,851 in 2006 to 31,409 in 2007 for an increased of 5.2%. The number of consumer proposals filed in Ontario had a significant increase, from 9,381 in 2006 to 11,025 in 2007, and increased…

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