Considering bankruptcy with $70,000 unsecured debt.
Query: I have a 2004 Toyota Prius (109K km) that I depend on for my work. Will this be liquidated in proceedings?
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How are secured creditors (mortgages, car loans etc.) affected in a bankruptcy or proposal?
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Can a bankrupt obtain credit while in bankruptcy? What types of credit are available?
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We have a large debt and are running out of options.
If we declare bankrupty, will we lose our mortgage.
If we do a proposal ourselves is it binding
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I just signed financing paperwork with Toyota Canada for a new vehicle. Am I able to keep this vehicle after declaring bankruptcy?
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