claim bankruptcy and keep your house

How to Claim Bankruptcy and Keep Your House and Car

  • By Jillian Taylor-Mancusi, LIT

Claim Bankruptcy and Keep Your House and Car

You may have considered bankruptcy, but you’re not exactly sure what that means.

You don’t want to lose everything you worked so hard to get – especially your house and car.

Well, there’s good news: there are exemptions for personal possessions in both Ontario and Manitoba. And, if you’ve been keeping up with your payments, the bank probably won’t take your house or car.

End the Struggle with Bills

The real problem is all the other bills; the credit cards, loan payments, utilities, and monthly living expenses that leave you coming up short every month. Those are what can make you miss payments on your house and car. And that’s when the bank comes into the picture.

It may be uncomfortable to ask for help, but it would be even more uncomfortable to lose your home.

If you find yourself struggling to make your mortgage payment, maybe it’s time to talk to a Licensed Insolvency Trustee, like the ones at LCTaylor.

Bankruptcy is Not Your Only Option

Talking to a Trustee doesn’t automatically mean you’re marching toward bankruptcy. They help you find the best option for you and your situation.

That may be bankruptcy. It may be something else, like a Consumer Proposal.

A Consumer Proposal is an agreement your Trustee negotiates with your creditors on your behalf. It’s also one of the best ways to keep assets like your house and car.

But whatever solution you find with your Trustee, your finances will get better.

Find a Solution Today

If what you’re doing right now isn’t working, and it’s becoming more and more difficult to pay your most critical bills… make the call today and set up a free, no-obligation consultation with LCTaylor, Licensed Insolvency Trustee.

Your debt rescue starts here.

Jillian Taylor-Mancusi, LIT

Jillian has worked in the insolvency field since 1992. She is a graduate of the University of Manitoba. She received her Insolvency Counselor’s Qualification Certificate from Ryerson Polytechnic University in 1998, and in 2007 she attained her license as a Licensed Insolvency Trustee. Jillian is a Read More Jillian has worked in the insolvency field since 1992. She is a graduate of the University of Manitoba. She received her Insolvency Counselor’s Qualification Certificate from Ryerson Polytechnic University in 1998, and in 2007 she attained her license as a Licensed Insolvency Trustee. Jillian is a member of the Canadian Association of Insolvency and Restructuring Professionals (CAIRP). She is Past President of the Manitoba Association of Insolvency and Restructuring Professionals (MAIRP). Jillian has held positions on the Armstrong Point Association, Executive of her local EDA Riding Association, Manitoba Highland Dance Association, and the Continuing Education Committee of CAIRP. Previously, Jillian was the Treasurer for the Parent Association at her daughter’s school. Currently, Jillian serves as the Chair for Dressage Winnipeg. Close

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