Switching from Proposal to Bankruptcy – Will we lose our House?
February 24th, 2014 by Questions
We own our home, a value of approximately $650,000. We are in a consumer proposal with a balance of $67000 and cannot make those payments. Our mortgage is $405,000.It is very difficult to sell at the moment and we would like to know if we would lose our house if we file bankruptcy. Our Trustee has not been helpful as we told him that amount was too high but he told us if we did not pay the $1780/month we would lose our house. What can we do?
Posted from: Quebec