my mom and her her debt

April 12th, 2010 by Questions

so my mom is a widow and is on odsp and owns her home…but constantly uses creditcards to pay her utilities of the home. there is no mortgage on the home. so if she declares bankruptcy would she lose her house? she has no other assets

Posted from: Ontario

Questions

One Response to “my mom and her her debt”


, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

You are correct, if you mother were to file for bankruptcy, assuming her house is owned free and clear, this is an asset that would have to be liquidated for the general benefit of creditors.

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