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


One Response to “question”

, 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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