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Can I declare personal bankruptcy and stay on title on my house. There is no equity in the home and a mortgage of 438,000, and an assessed value of about 450,000.
Posted from: British Columbia
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With no equity in your house you likely won’t have any issues with retaining the property. Although, this is based on the assumption that you will continue to make the monthly mortgage payments. The only time a bankruptcy really impacts your house is if you have significant equity in the property, which you don’t.