Home Ownership When Going Bankrupt
Who owns the house?
Who is on title?
Who paid the original purchase price?
If the house has a mortgage who is listed on that mortgage?
Who has been making the mortgage payments?
Who has been making the bill payments on the home?
The answers to the above questions will determine whether or not there is a problem that needs to be discussed with a trustee.
Contact the Office of the Superintendent of Canada for more information on bankruptcy and debt solutions. Or please fill out the free bankruptcy evaluation form. To learn more please visit our YouTube Channel. Rumanek & Company have been helping individuals and families overcome debt for more than 25 years.