2025-10-21
How we helped a client decide between a consumer proposal and bankruptcy
A client thought bankruptcy was their only way out. See how a consumer proposal helped them keep their home and repay debt with confidence.
Would I Lose My Trailer In A Bankruptcy
2008-05-05
Joseph, whether or not you lose your mobile home in a bankruptcy would depend on various factors, particularly its value and the amount owing to a secured creditor. If the mobile home has been pledged as collateral on a loan (i.e. a “secured debt”), you likely would not lose the mobile home provided you are not behind in your payments and you continue making your regular monthly payments. If there is equity in your mobile home, you may have to buy back this equity from the bankruptcy estate. If your mobile home is not secured by a creditor and you own it free and clear, it is possible that it would be sold in a bankruptcy. In this situation you may consider doing a proposal to your creditors rather than a bankruptcy.
Latest Blog Posts
2025-10-20
Seniors and Debt
Alternatives to Bankruptcy Bankruptcy Consumer Proposal Lifestyle Debt MNP Consumer Debt Index
Just when seniors should be relaxing and enjoying the fruits of their labour, many find themselves struggling financially — an unsettling contrast to the ease they’d hoped to live their golden years.
2025-10-17
How buyer’s remorse laws can help you stay out of debt
This is called buyer’s remorse. In some cases, Canadian law provides protections that can help you reverse these costly decisions and avoid sinking further into debt.
