mortgage

May 29th, 2009 by Questions

Wondering if I can put my mortgage in someone else`s name before doing a consumer proposal?

Posted from: New Brunswick

Questions

One Response to “mortgage”


, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

I don’t know why you would want to put your mortgage in someone else’s name prior to filing a consumer proposal. A consumer proposal is directed at unsecured creditors not secured creditors so it really doesn’t have any impact on your secured creditors.

In addition when you start transferring things around just prior to the filing of either a bankruptcy or a consumer proposal it can appear to the creditors that you are trying to do something inappropriate to defeat their rights. As such it is much better to simply leave things the way they currently are.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)