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Expecting a child and unable to make mortgage payments?

 
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Does this sound like you?
Dan Calder and his wife are currently going through very stressful times. They are expecting their second child and are already in debt. The Calders are still able to pay their cards and lines of credit, but they have begun to fall behind on mortgage payments. With Dan’s wife being on maternity leave and Dan only working part time, the couple does not know how they are going to manage. What can they do?

What can you do?
Consumer proposals or bankruptcy are two popular options for getting back on your feet financially. However, with only one spouse working part time, a consumer proposal would likely be very difficult. Many people have chosen to file for bankruptcy and have been quite successful with it. In a bankruptcy a number of your assets are liquidated, but you will probably be permitted to keep your house. To research bankruptcy and other alternatives further, click here.

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