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The Mortgage Doctor The concept behind Bankruptcy in Canada is this: You assign (surrender) everything you own to a trustee in bankruptcy in exchange for
As post secondary education costs have increased a lot over the last 20 years more and more students are taking out student loans to pay for their education. As the economy is still trying to get back on track it is becoming harder and harder for recent graduates to find a job right out of college/university and they have no way to pay their student loans off. There are three options you can consider that may help your situation.
When filing for Bankruptcy depending on your situation you may be able to keep your house out of the bankruptcy if you are able to afford the carrying costs of the house. If you are unable to carry the house it might be a good idea to include it in your bankruptcy. Bankruptcy is sometimes your last option when there is no other way out but you may also want to consider consumer proposal as an option before bankruptcy. Your bankruptcy trustee and you can go over all your best options in order to find the right solution for you.
Oshawa, Ontario L1G 5N3
(905) 404-8001
(866) 452-1100
info@themds.ca
The Mortgage Doctors is Durham Region’s Mortgage Superstore. Our Mortgage Brokers use their expertises to advise and obtain approvals on mortgage financing that fits your mortgage needs.
Monday – Friday: 9AM – 5PM
Saturday – Sunday: CLOSED
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