So you are bankrupt, does that mean you can’t buy a house? - S.R. Stack & Company Ltd. Skip to content

So you are bankrupt, does that mean you can’t buy a house?

Financial Post
This Financial Post article answers one of the most common questions about bankruptcy or consumer proposals, “Will I ever be able to buy a house if I file for bankruptcy”. The answer is YES, follow the link to find out how.

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One of the most common questions I get asked when someone is considering filing for bankruptcy or  a consumer proposal “Will I ever be able to buy a house if I file for bankruptcy?”.

The answer is yes, but it will take time and discipline. This article from the Financial Post isn’t a new article but has great tips and insight as to how to move forward after bankruptcy.

In it we learn what goes into the calculation of your credit score and also how to rebuild your credit after a bankruptcy or consumer proposal.

CLICK HERE FOR THE FULL ARTICLE FROM THE FINANCIAL POST

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Did You Know?

1

Many people who file for bankruptcy get to stay in their home.

2

In Newfoundland and Labrador, you can keep your RRSPs – even if you file for bankruptcy.

3

Many people who file for bankruptcy are able to keep their vehicle.

4

Most bankruptcies are NOT published in the newspaper.

5

Student loans can be included in a bankruptcy if they are more than seven (7) years old.

6

A consumer proposal is an alternative to bankruptcy that can only be filed with a licensed trustee in bankruptcy.

7

In NL, people ages 30 to 39 years old file for bankruptcy more than any other age group. [source]