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Assets in the US

I`m in a bad debt problem in Canada, need to go Bankrupt, will never be able to pay such high debt due too bad building project. The power of sale is complete, the sale was only 75% of equity value, but there`s still a large mortage debt, your talking more than a million dollars. Investors lend money without getting proper legal advise, property was not worth what was loan.

One Response to “Assets in the US”

Barton Goth GCO Bankruptcy Trustees said...

You need to contact a local trustee as more details will be necessary than this blog format will permit.

But just to reassure you the level of debt really doesn’t play a major role in a bankruptcy scenario, what is more important is whether or not you are compliant during the bankruptcy.