Bankruptcy and mobile home
April 12th, 2012 by Questions
I am filing for bankruptcy. I paid 83,000 for my mobile home, still owe 68,000 on my mortgage and had my home professionally assesed at 54,000 meaning I owe more than it is worth. Will my mobile home be included in my bankruptcy? I do not want to keep it as it is the source of my need to file for bankruptcy.
Posted from: British Columbia
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April 12, 2012 at 7:10 am, A licensed trustee said:
You have the right to surrender the mobile home to the mortgage holder as part of your bankruptcy. Simply make sure you have moved out before you file and you let your trustee know that you are giving the mobile home up.