Tag Archives: home

You can keep your home and go bankrupt

It`s true.  You can declare bankruptcy and keep your home.  That said, there is a catch.  There`s always a catch… The bankruptcy system was designed with fairness in mind.  It wasn’t designed to leave bankrupts penniless, or allow them to drive Mercedes without paying their bills.  While some assets are exempt in the province of Ontario, a bankrupt’s home is not.  As a result, if you could turn your home into cash, then you have two options: 1) Have your ...

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