Will the shortfall on my mortgage that is owed to CMHC be cleared by a bankruptcy?
February 25th, 2009 by Questions
I am considering to apply for bankruptcy – I have a mortgage(with no equity on it because it“s a new mortgage) and few unsecured debts.My question is if I let the mortage to fall, and apply also for bankruptcy will this bankruptcy cover the amount I will owe to CMHC (I understood from your site that it could take years for them to come after you for the amount you owe them) – or I will have to apply for bankruptcy the second time when they will get back to me?
Posted from: Quebec
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