May 1st, 2009 by Questions
We owe 90000 on our house, but because of the market now, it is worth less. If i declare bankrupcty and let the bank take the house, and the bank sells it for 70000, am I responsible to repay 20000? if so how so people normally do this? if it takes me 4 years to pay back the 20000, does this mean that i will not be discharged untill this is fully paid?
Posted from: Ontario