June 4th, 2012 by Questions
If my wife files for bankruptcy how will it affect my mortgage since both of our names are on it?
Posted from: British Columbia
June 04, 2012 at 5:27 pm, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
This really depends on whether there is any equity in the property and how much equity there is. The best thing to do is to contact a local trustee with the estimated market value of the property and the estimated balance owing on the mortgage and they will very quickly be able to answer this question, (fyi in BC I typically suggest you contact Sands & Associats http://www.sands-trustee.com).
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