Will I lose my house if I file for bankruptcy?

You may be able to keep your house if you file for bankruptcy. This is a complicated area and depends on a number of things, including the amount of equity in the home and if the mortgage holder would be agreeable to letting you keep it. Each situation is different and your home will be discussed when you meet with us at the consultation. Visit our website to find out more and book an appointment

What if there is a lien on my vehicle?

You may be able to keep assets that you have pledged to creditors, such as a car, however, in these cases you will have to negotiate with the creditor directly. We will explain the provincial laws to you when you attend the free consultation.

What about student loans?

If the date of bankruptcy is more than 10 years after you completed your studies, the debt will be discharged with the bankruptcy. If the bankruptcy occurs within 10 years after the completion of studies the student loan debt is not released with the bankruptcy and survives the bankruptcy. The bankruptcy consultants at Boale, Wood can provide more detailed info

Will I be able to get another student loan?

Yes, Canada Student Loans now allows students who have been bankrupt or who are bankrupt to obtain additional loans for their education. For more information on this topic, see Canada Student Loans, or visit our bankruptcy vancouver website

Will notice of my bankruptcy be published in the newspaper?

No. For most consumer bankruptcies, no notice is required to be published in the newspaper. For more info contact the bankruptcy vancouver pros at Boale, Wood and Company