FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

Total Unsecured Debt*

*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

This field is hidden when viewing the form

Source

How can we help you?

If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Select Trustee By Province

mortgage

I am going through a divorce and I want to declare bankrutcy. I have a joint family home which my ex-husband is living in. He is constantly late on the mortgage but every few months he gets the mortgage caught up. I want the bank to take the house. What will happen to this secured mortgage if I file bankruptcy?

Posted from: Manitoba

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “mortgage”

A licensed trustee said...

As long as your ex keeps up with the mortgage, the bank will let them keep the house. There are two scenarios where they may lose the house – if the mortgage falls behind and if you file for bankruptcy and there is equity in the house. Since you didn’t mention any equity, I assume there is none…

Be sure to discuss the house with your trustee BEFORE you decide to file.