Facing Bankruptcy or Foreclosure | Contact us for a no obligation consultation...
1-800-655-6572
My clients have some times found themselves in situations due to job loss, divorce, illness, Revenue Canada arrears and credit management mistakes. It is possible to recover if there is an explanation and plan to recover plus sufficient equity in the home.
What is required is a complete review of your current situation. I will need the following information to provide options to avoid either bankruptcy or foreclosure:
- Current income statements - Notice of Assessment or T4's
- Balances of your current mortgage(s)
- Explanation for your current situation
- Estimate of the market value of the property
- Appraisal if available
- Current actions, if any, being taken against you
- Potential co-signers / guarantors if available
What I will do is determine what options that are available to me to remediate your situation. There are no guarantees in this type of financing. Typically, a workout gets into trouble when the client has not disclosed all the issues or has understated outstanding bills.
Quick and effective action can stop the creditors or bank from taking your home and forcing you to declare bankruptcy.
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