Proposal for Secured Debt?
August 8th, 2009 by Questions
Currently I am stuck with home I cannot afford, and on the brink of foreclosure. Since the payment is a lump sum each month I never have enough to make the payment. However, I am able pay off all other bills, credit cards, car payments etc since they are much smaller amounts. Selling my home would result in 100k or more in shortfall. Am I still eligible to file a proposal to avoid bankruptcy even if my mortgage is my only debt? what will happen to my mortgage debt?
Posted from: Alberta
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