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.