May 19th, 2009 by Questions
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”
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May 20, 2009 at 10:11 am, 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.