December 26th, 2008 by Questions
I finished my bankruptcy less than six months ago and am not in a position to continue payments to my mortgage. I want to sell my house. I started making some necessary repairs to the house leaking roof (paid for by relative) and replaced furnace (paid for by relative since winter began). Other minor repairs were made with some cheap laminate flooring. However. my real estate agent says I can sell the house for about 10,000 more than I owe. I would like to pay back my relatives the money that they paid to help me out. Can I do that or does the money go to the Licensed Insolvency Trustee? What is the time limit before I can sell my home?
Posted from: Ontario
One Response to “sell home”
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December 29, 2008 at 10:03 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
If you have been successfully discharged from bankruptcy it is completely up to you. You can go to any creditor you choose and pay them off if you choose, but legally you are not obligated. So don’t worry about things, your bankruptcy is finished, your debts dealt with, now you can move on with things without any concern.