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bankruptcy

CMHC is after my father after he walked away from a condo, the eifference they are after is $40,000. is it possible to claim bankruptcy to wipe this clean or will this debt never go away? I know there are certain debts that you can not claim bankruptcy on

Posted from: Alberta

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One Response to “bankruptcy”

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

Any CMHC debt can be cleared through the filing of a bankruptcy. CMHC is considered to be an unsecured debt and they are not given any special treatment or afforded any speckial rights through the bankruptcy process. So I would suggest you have him contact a local trustee to discuss the particulars of what to expect from the bankruptcy process.