January 3rd, 2012 by Questions
HI I was told by a trustee that it would be better to renew my mortgage if I did bankruptcy rather then a cp.
As soon as I said our mortgage is with Scotia bank they said that this bank would never renew. If we do a cp we would be 2 years and 4 months into the cp when we need to renew. Our credit is r1 now because we borrow from one to pay other.
There is no equity in home and our debt is 120000.00 Should we do bankruptcy if its better to renew mortgage in 2014 as we would be discharged by then. Can they take money from life insurance if someone dies and leaves money. Hope you can help
Posted from: Ontario