Hi Matthew, Thanks for asking your question. To fully answer it, someone needs to also take a look at your income, your budget, and consider the rest of your financial picture along with your goals. Even the type of work you do should be considered as filing for insolvency can impact this in some cases. A licensed insolvency trustee could directly answer your question about bankruptcy. However, to look at the bigger picture and consider all your options first (many times there are others), our best suggestion would be to speak with a non-profit credit counsellor first. In New Brunswick, there is a good non-profit credit counselling organization called SolveYourDebts.com (1-888-753-2227). We would suggest speaking with them first and seeing what they have to say. If they believe that filing for bankruptcy or a consumer proposal (a lighter version of bankruptcy) is in your best interest, then they’ll refer you to a reputable licensed insolvency trustee (bankruptcy trustee) near you.

Just a quick question, im in new brunswick and co own a house with my sister. i have about 30k in credit card and loan debts and 55k on a truck loan all in which i can no longer afford. was thinking about going bankruput and we have about 50k in equity in the house. how would i be affected if i went bankrupt and can me and her keep the house and still live in it. thanks for your time.