[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/rkillen.ca\/will-i-lose-my-home-if-i-go-bankrupt\/#BlogPosting","mainEntityOfPage":"https:\/\/rkillen.ca\/will-i-lose-my-home-if-i-go-bankrupt\/","headline":"Will I Lose My Home If I Go Bankrupt?","name":"Will I Lose My Home If I Go Bankrupt?","description":"Will I Lose My Home If I Go Bankrupt?Watch this video on YouTube In this video, Richard Killen, a Licensed Insolvency Trustee in bankruptcy Toronto answers the question most homeowners ask, which is \u201cWill I lose my home if I go bankrupt or do a consumer proposal?\u201d Because you may have debt problems, you may […]","datePublished":"2017-06-01","dateModified":"2023-04-21","author":{"@type":"Person","@id":"https:\/\/rkillen.ca\/author\/adminrkillen\/#Person","name":"R. Killen","url":"https:\/\/rkillen.ca\/author\/adminrkillen\/","identifier":1,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/291a08cd2df156bf4f7bceb09e15cda94bbf15ef7e70c7db3a538bde0c4a0230?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/291a08cd2df156bf4f7bceb09e15cda94bbf15ef7e70c7db3a538bde0c4a0230?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Richard Killen and Associates","logo":{"@type":"ImageObject","@id":"https:\/\/rkillen.ca\/wp-content\/uploads\/2016\/08\/landscape-logo-12345-for-web.png","url":"https:\/\/rkillen.ca\/wp-content\/uploads\/2016\/08\/landscape-logo-12345-for-web.png","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/rkillen.ca\/wp-content\/uploads\/2017\/06\/will-i-lose-my-home-if-i-go-bank.jpg","url":"https:\/\/rkillen.ca\/wp-content\/uploads\/2017\/06\/will-i-lose-my-home-if-i-go-bank.jpg","height":720,"width":1280},"url":"https:\/\/rkillen.ca\/will-i-lose-my-home-if-i-go-bankrupt\/","video":{"@context":"http:\/\/schema.org\/","@type":"VideoObject","@id":"https:\/\/www.youtube.com\/watch?v=8Hoygxl2-uw#VideoObject","contentUrl":"https:\/\/www.youtube.com\/watch?v=8Hoygxl2-uw","name":"Will I Lose My Home If I Go Bankrupt?","description":"Richard Killen discusses \"Will I lose my home if I go bankrupt\"\n\nIf you are uneasy about bankruptcy you should definitely visit a licensed insolvency trustee so that you will be given an advice about your bankruptcy problems.\n\nWe can meet with you during business hours or book after hours appointments if that is more convenient.\n\nContact us for a fresh start 1 (888) 545-5365\nLive your life free of financial stress!\n\nFollow us on Instagram: https:\/\/www.instagram.com\/killen_trustee\/\nFollow us on Twitter: https:\/\/twitter.com\/Killen_Trustee\nFollow us on Facebook: https:\/\/www.facebook.com\/rkillenassociates\nFollow us on Linkedin: https:\/\/www.linkedin.com\/company\/richard-killen-&-associates\/\nConnect on Linkedin: https:\/\/www.linkedin.com\/in\/richard-killen-020aaaba\/\n\nRichard Killen and Associates have 10 locations across the Greater Toronto Area.\n\nOur main office is at\n\nRichard Killen & Associates\n2130 Lawrence Ave\nEast Suite 402, M1R 3A6\nTel: (416) 285-9511\nhttp:\/\/rkillen.ca","thumbnailUrl":["https:\/\/i.ytimg.com\/vi\/8Hoygxl2-uw\/default.jpg","https:\/\/i.ytimg.com\/vi\/8Hoygxl2-uw\/mqdefault.jpg","https:\/\/i.ytimg.com\/vi\/8Hoygxl2-uw\/hqdefault.jpg","https:\/\/i.ytimg.com\/vi\/8Hoygxl2-uw\/sddefault.jpg","https:\/\/i.ytimg.com\/vi\/8Hoygxl2-uw\/maxresdefault.jpg"],"uploadDate":"2017-11-07T10:32:57+00:00","duration":"PT1M57S","embedUrl":"https:\/\/www.youtube.com\/embed\/8Hoygxl2-uw","publisher":{"@type":"Organization","@id":"https:\/\/www.youtube.com\/channel\/UCVqfGDwXy-OK5RHKZGkaMUw#Organization","url":"https:\/\/www.youtube.com\/channel\/UCVqfGDwXy-OK5RHKZGkaMUw","name":"Richard Killen & Associates Ltd","description":"Since 1992 we at Richard Killen & Associates have helped thousands of people resolve their financial problems. With over 22 years experience in this industry, our president, Richard Killen, and the rest of our team understand the difficulties that honest people can sometimes find themselves in. This expertise makes it possible to provide you with a service that effectively deals with the issues.\n\nThe strength of our company is exemplified by the manner in which we treat our customers. We understand the intense pressure people are under. You will feel better after having spoken with our staff and your sense of dignity will be restored. The relief most people feel is tangible.","logo":{"url":"https:\/\/yt3.ggpht.com\/ytc\/AIdro_nK1yzM56nIFCGmWO7scxw1pLTW2Z8LVLH_kg8kdbbfw5M=s800-c-k-c0x00ffffff-no-rj","width":800,"height":800,"@type":"ImageObject","@id":"https:\/\/www.youtube.com\/watch?v=8Hoygxl2-uw#VideoObject_publisher_logo_ImageObject"}},"potentialAction":{"@type":"SeekToAction","@id":"https:\/\/www.youtube.com\/watch?v=8Hoygxl2-uw#VideoObject_potentialAction","target":"https:\/\/www.youtube.com\/watch?v=8Hoygxl2-uw&t={seek_to_second_number}","startOffset-input":"required name=seek_to_second_number"},"interactionStatistic":[[{"@type":"InteractionCounter","@id":"https:\/\/www.youtube.com\/watch?v=8Hoygxl2-uw#VideoObject_interactionStatistic_WatchAction","interactionType":{"@type":"WatchAction"},"userInteractionCount":18}]]},"about":["Advice from Richard","Bankruptcy","Consumer Proposals","Debt","Videos"],"wordCount":313,"keywords":["Bankruptcy","Consumer proposals","debt"],"articleBody":"Will I Lose My Home If I Go Bankrupt?Watch this video on YouTubeIn this video, Richard Killen, a Licensed Insolvency Trustee in bankruptcy Toronto answers the question most homeowners ask, which is \u201cWill I lose my home if I go bankrupt or do a consumer proposal?\u201dBecause you may have debt problems, you may be concerned with losing your home and most people figure that “if they go bankrupt they are never going to keep their house.\u201d \u00a0And for most people, that is a very traumatic thought, however, it can be avoided.I found that over the last 10 years, very few people who own a home with equity have to lose the home if they don’t want to. They can find a way to keep it. The only way to keep it is to deal with the matter of equity. The trustee is responsible for obtaining the equity from the property in order to pass the money along to the unsecured creditors. They have the right to their money.Therefore, if a person or family wants to keep their home, they’re going to need to arrange for financing or to pay the creditors. Of course, it depends on how much equity there is in the home. If you really want to keep your home, generally you can. You can keep it whether it’s a bankruptcy or proposal. In fact, if it’s a consumer proposal your home equity is not up for grabs. This really only applies to a homeowner declaring personal bankruptcy.If you are a homeowner and considering a debt solution, I encourage you to call our office. Why lose sleep wondering what will happen. Your initial meeting is free, and in that meeting, we will explain all of your options so you may make an educated decision on the best option to obtain debt relief."},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Will I Lose My Home If I Go Bankrupt?","item":"https:\/\/rkillen.ca\/will-i-lose-my-home-if-i-go-bankrupt\/#breadcrumbitem"}]}]