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

Joint Ownership and bankrutpcy Question

I reside in Alberta but hold a joint mortgage with my mom for her house located in BC. The house is my mom`s principal residence and she has never missed a mort. pmt. I never lived there. If I declare bankruptcy in AB, will her house be affected? She will continue to make the pmt and I don`t want her to suffer in any way.

Thank you.

Posted from: Alberta

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “Joint Ownership and bankrutpcy Question”

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

If your name is on title to the house, legally you have a 50% interest in that property. So if you file for bankruptcy 50% of the equity in that property has to be realized on and distributed among your creditors. So the real question then becomes is there any equity in the property?