what does the term "discharge from a bankruptcy" mean exactly?

I'm considering declaring bankruptcy. The mortgage on my condo is too large and I can't afford to pay. Along with credit cards and loans that I can't pay because of the high mortage payments. What I want to know is.... what happens to my mortage when I declare bankruptcy? Will I lose my condo?

How does a bankruptcy apply to an insured mortgage?

A brief description of the term Surplus Income (Reposted).

A quick description of what the term "Surplus Income" means in a bankruptcy.

I never got my discharge from my bankruptcy, what do I do?

Your credit rating is an analysis of your financial health at a specific point in time. We'll review what happens to your credit during a bankruptcy, as well as what happens after you've been discharged from a bankruptcy.

Learn what to do when you can't afford the payments in your proposal.

What information should I bring to an initial meeting with the Trustee?

We spend our working years looking forward to the day we can retire, but how many people actually have a strategy in place to make sure those years turn out just as we imagined them? For many Canadians, retiring at 65 years old will mean a reduced monthly income and a lower standard of living than they have now.