November 28th, 2008 by Questions
I have a large amount of debt and I am thinking of declaring bankruptcy. My concern is will I lose my house? The house`s Title is in my wife’s name and not mine?
Posted from: Ontario
November 29, 2008 at 9:21 am, A licensed trustee said:
Whether or not your house will be afactor depends on how long it has been in your spouses’ name, whether or not you are invovled with the mortgage, and whether or not there is any equity in the property. (Equity simply means if the house was sold would therebe an money left ove for the owners).
I suggest you use the links on this page to contract a trustee in your area directly – they will be able to walk you through all of the issues that might arise due to your house. The answer is too long to post here…
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