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Bankruptcy

Student Loans and Bankruptcy!

As post secondary education costs have increased a lot over the last 20 years more and more students are taking out student loans to pay for their education. As the economy is still trying to get back on track it is becoming harder and harder for recent graduates to find a job right out of college/university and they have no way to pay their student loans off. There are three options you can consider that may help your situation.

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Bankruptcy and my House!

When filing for Bankruptcy depending on your situation you may be able to keep your house out of the bankruptcy if you are able to afford the carrying costs of the house. If you are unable to carry the house it might be a good idea to include it in your bankruptcy. Bankruptcy is sometimes your last option when there is no other way out but you may also want to consider consumer proposal as an option before bankruptcy. Your bankruptcy trustee and you can go over all your best options in order to find the right solution for you.

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Need to Re-establish Credit? Want to Consolidate High Interest Debts?

Home Trust has Equity Line Visa to provide you with a secured second mortgage at a low rate of interest (On approved Credit). If you are staring a Business it can provide start-up costs from your home equity, even though you can’t prove how much you earn! The Home Trust Equity Line Visa reports to Equifax to help rebuild your bad credit too.

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