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Would Services of a Trustee Prevent Me From Getting a Mortgage?

Posted on Jul 21, 2017 in Bankruptcy, Mortgage |

In this video, Richard Killen, a Toronto-based Licensed Insolvency Trustee talks about “Would Services of a Trustee Prevent Me From Getting a Mortgage”. One of the big ambitions of most people, especially for the family is to ultimately buy a house. People who have debt problems come to see a Trustee and end up do a bankruptcy or perhaps a consumer proposal, are going to be concerned whether this bankruptcy or consumer proposal is...

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Will I Lose My Home in a Bankruptcy?

Posted on Jun 16, 2014 in Bankruptcy, Consumer Proposals, Debt |

The fear of losing your home is a powerful one. When their finances go south, many imagine that bankruptcy will leave them homeless. Is this fear justified? Not really, or not in the normal course of a bankruptcy. Yes, when you go bankrupt, you give control of your assets to a trustee in exchange for getting rid of your debts. This, in theory, could mean that the house gets sold to help pay back the creditors. But in practice this rarely...

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