August 8th, 2007 by Questions
If I go bankrupt and i own a home with no equity in it will i loose my home if I continue to pay the Morguage.The home was only Morguaged 9 months ago
August 10, 2007 at 9:23 am, Barton Goth GCO Bankruptcy Trustees said:
With no equity provincial exemptions aren’t an issue so all you really have to wory about is keeping up with the mortgage payments. As long as the payments are up to date when you file, you have a good payment history, and you keep this pattern up you should have no trouble.
But make sure you discuss this with a local trustee prior to fililng just so that he can give you any direction that pertains to your specific area of the country.
Log in to Reply
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)
You must be logged in to post a comment.