January 20th, 2009 by Questions
I am recently divorced and lost the house to the wife and kids. But I still have a personal debt of 50 000. Can I still claim equity on the home to clear my personal debt?
Posted from: Ontario
January 21, 2009 at 11:40 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
This is a better question to pose to your divorce lawyer. But normally if you lost the house in a divorce you no longer have any equity. If that is the case you wouldn’t have any equity in the house to be able to use to settle your debts.
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.