home, cmhc and bankruptcy

November 18th, 2009 by Questions

should i have to pay back cmhc after claiming bankruptcy

Posted from: Nova Scotia

Questions

One Response to “home, cmhc and bankruptcy”


November 19, 2009 at 9:06 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

If your house has been forclosed on and you are referring to the shortfall that CMHC had to reimburse the bank. Then no, as long as the forclosure was started prior to or immediately upon the filing of a bankruptcy, then it will be cleared along with your other unsecured debts.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)