February 2nd, 2012 by Questions
what is the equity you are a loud for a house with a morgage? when can it be exempt?
Posted from: Quebec
February 02, 2012 at 11:40 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
This is laid out by the Quebec Code of Civil Procedure, which permits you to claim up to $10,000 equity (market value less amount of financing against property) in a principle residence. So if you file for bankruptcy you are allowed to have up to this $10,000 of equity.
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