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Will I Lose My House if I File for Bankruptcy in Canada?

Will I lose my house if I file for bankruptcy in Canada?

 

I have not been successful in keeping my finances in check due to some unfortunate events. I think I will need to file for bankruptcy and am terrified that I will lose my mortgage and house in the process.

 

Is this true?

 

Will I lose my house if I file for bankruptcy in Canada?

 
Any information would be greatly appreciated.
 
Thank you. 

 

Answers

By Canadalend
Hi there and thank you for reaching out to the Canadalend team with your inquiry.
 

If you have filed for bankruptcy in Canada, you won't necessarily lose your home --No.

 

Often times you can make arrangements with your mortgage lender to ensure you do not lose your home. Ensuring you keep up with the payments is essential in this process.

 
Have more questions? Feel free to contact us directly by calling us at: 1-866-422-6536
 
Additional information about the services and mortgage lending solutions we have to offer can also be found here: https://www.canadalend.com/services/
 
Thank you,
 
The Canadalend Team. 

Reviews

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    By Mark
    Thank you Canadalend for helping me with mortgage approval advice.
    so hellpful with their responses to mortgage related questions
    The Canadalend team helped me when I had no where else to turn. Thank you so much
    By Flux
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