lean on an apartment

October 22nd, 2012 by Questions

If the creditors put a lean on my apartment before i apply for bankruptcy, what will be happen to the lean if there were no equity on my apartment after bankruptcy?

Posted from: British Columbia

Questions

One Response to “lean on an apartment”



October 22, 2012 at 9:53 pm, A licensed trustee said:

If your creditors obtained a Judgment against you and then registered an Execution Order with the Sheriff against your name (and therefore against your apartment) this debt will be dealt with by filing bankruptcy or a consumer proposal. If your creditors obtained a Court Order creating a specific charge against ytour apartment then it may not be. You’ll need to bring a copy of the Judgment or Order with you when you speak to a trustee about your situation. Once they review the documents the trustee shoudl be able to give you a more definitive answer.

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.)