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house

Hi
I want to know if I will lose my house if we are still capable of paying for it. My visa is with the same bank that holds my morgage. I also have a van 2005 which we are paying off and still owe $15000 and was wondering if I will lose that? My husband travels over 100 klm for work.

Posted from: New Brunswick

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One Response to “house”

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

Whether or not you can retain your house if a bankruptcy is filed really depends on:

a) how much equity you have in your house;

b) are you up to date on your payments; and

c) can you afford to continue to make the payments on your house.

I would suggest you gather up the information above and discuss things with a local trustee and they will be able to help you determine how your residence will be treated.