Secured line of credit/bankruptcy.
February 14th, 2013 by Questions
We have a mortgage that is also a line of credit ($197,000 mortgage part and $69,000 line of credit part). This is all at a very low rate of interest. We only have about $2000 left in our line of credit part.
It’s only a matter of time before we have to go bankrupt (our bank is BMO). We have no other debts, just the bank. We will have to speak to them soon. Will we lose our home?
Posted from: Alberta