Consumer proposal/mortgage
If you have to sell your house to pay back creditors and you have a mortgage who gets paid first? Do you pay off your house and then let the rest fight over the profit.
Posted from: British Columbia
Connecting You with Trusted Licensed Insolvency Trustees – We’re Here to Guide, Not Decide. Learn More
If you have to sell your house to pay back creditors and you have a mortgage who gets paid first? Do you pay off your house and then let the rest fight over the profit.
Posted from: British Columbia
Secured creditors, like your mortgage, property taxes, utilities, will be paid first. I suggest you go and speak to a trustee – they can help you do this in an orderly manner and avoid what might result in a number of lawsuits…