January 20th, 2009 by Questions
I am recently divorced and lost the house to the wife and kids. But I still have a personal debt of 50 000. Can I still claim equity on the home to clear my personal debt?
Posted from: Ontario
One Response to “Recently Divorced”
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January 21, 2009 at 11:40 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
This is a better question to pose to your divorce lawyer. But normally if you lost the house in a divorce you no longer have any equity. If that is the case you wouldn’t have any equity in the house to be able to use to settle your debts.