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same mortgage

i have a mortgage with mbna and i also have a credit card with them. can i lose my house if i do a consumer proposal on mbna’s credit card along with my other credit cards. can they make me pay the full amount to keep my house?

Posted from: Alberta

One Response to “same mortgage”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

As long as you are currently up to date with your mortgage payments and continue to stay that way then the filing of a consumer proposal won’t have any impact on your mortgage. Legally speaking the filing or presence of a consumer proposal is not grounds for breach of the mortgage contract and can’t be used as a reason to call the mortgage.