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

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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.

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bankruptcy

our house is in mine and my wife`s name.If she claims bankrupcy can my home be taken?

Posted from: Ontario

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One Response to “bankruptcy”

A licensed trustee said...

Whether or not the house will be involved in your spouse’s bankruptcy depends on whether or not their is any equity in the home. Equity simply means “will there be any money left over after paying off the mortgage, real estate agent, lawyers etc if you sell your home”. If there will be mopney left over then an amount equal to your spouse’s share of the equity must be paid into her bankruptcy – or her trustee may seize and sell the house.

This sounds complicated, but whatever trustee your spouse is speaking to will be able to tell you very quickly if the house is at risk.