• EhForumUser
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    1 year ago
    1. Bankruptcy is not free of recourse.
    2. You may not even be granted bankruptcy.
    3. You’re not just saying “fuck it” when you find yourself in a position where bankruptcy is on the table.

    There are are jurisdictions with no recourse mortgages. There you really can just say “fuck it”, hand in your keys, and walk away. But Canada is not one of them.

    Is it that you are not Canadian or is it that you focus your attention on US media and have forgotten that Canada is a different country?

    • Indie@lemmy.fmhy.ml
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      1 year ago

      Oh, I’m not saying they can walk away and just hand in their keys, done and dusted. Granted bankruptcy? You do understand that all loans in Canada are civil matters. If you move through the proceedings of declaring bankruptcy, and it’s genuine because you don’t have the money to continue to pay you mortgage, bills and debts, you think that you will be denied the option to proceed with that? Or do you think a consumer proposal to pay out all the outstanding charges on a defaulted mortgage and loan will be suitable when you can’t pay it?

      I don’t even know of any places where you can just hand in your keys and walk away without reprocussions. But trying to pay for a repossessed house isn’t really for many in that situation.

      • Indie@lemmy.fmhy.ml
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        1 year ago

        Instance shaming now? Hilarious.

        Canadian for my entire life last time I checked.

        Curious how you came to that conclusion based on a comment and instance?

        • zephyreks
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          1 year ago

          track record from instances is poor

          lots of tankies that just so happen to be whatever nationality that want to be