May 11th, 2012 by Questions
can I declare bankruptcy if I have a lien on my house?
Posted from: Ontario
May 11, 2012 at 8:17 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
There is no problem with you declaring bankruptcy, the presence of the lien does not prevent that. However, you will want to discuss the exact nature of the lien with your trustee to determine how it will be treated during the bankruptcy. There is often a lot of confusion between a lien and a writ of enforcement, so be sure to be specific with your trustee so he knows exactly what you are dealing with.
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