CMHC and Bankruptcy

November 18th, 2011 by Questions

Can CMHC come after you for the shortfall if you’ve claimed bankruptcy?

Assuming foreclosure came first, then CMHC comes to us for shortfall and we then file bankruptcy….what happens to the shortfall then?

Posted from: British Columbia

Questions

One Response to “CMHC and Bankruptcy”



November 18, 2011 at 6:51 am, A licensed trustee said:

The shortfall will be included in your bankruptcy just like your other unsecured debts (credit cards, income taxes, etc, etc).

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.)