November 14th, 2011 by Questions
Since my unsecured debt is solely in my name, but the house is jointly owned between my husband and myself, can they try to take our house anyway?
Posted from: Nova Scotia
November 14, 2011 at 9:57 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
Technically your creditors would have a right to 50% of the equity in the property less any provincial exemption that exists for the property (although in Nova Scotia there is no exemption permitted for a principle residence as there is in many other parts of the country). So this is the maximum amount that the creditors could access.
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