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Mortgage

The title to my home is in my name only as a result of court separation order. My ex husband`s name is still on mortgage with bank. If he declares bankruptcy does anything happen with the mortgage or do I then have to get the mortgage in my name only?

Posted from: Ontario

One Response to “Mortgage”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

If you ex husband declares bankruptcy there will likely be no impact on you as the bankruptcy will deal primarily with unsecured debt. A secured lender, such as a mortgage, while they are informed about the bankruptcy but that is largely it.