JOINT HOME OWNERSHIP

October 13th, 2011 by Questions

If I own my home jointly with my spouse and I go bankrupt, how is the home equity calculation effected?

Posted from: Ontario

Questions

One Response to “JOINT HOME OWNERSHIP”



October 13, 2011 at 5:08 am, A licensed trustee said:

Once your trustee has calculated the equity in your home the number will then be adjusted to reflect your share of the owenrship. If you own the home equally then it will be split 50-50. If you have different ownership percentages (which you’ll need to prove) your trustee will sue whatever percentages you have.

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