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Ex-husband declaring bankruptcy in Ontario: What happens to the ...

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: If he stops making the mortgage payments, in due course the bank will take the domicile. They will sales-clerk it, and if there is a shortfall, they will continue both him and you, if your name is on the mortgage. The bank doesn’t misery about the inside info that he agreed to pressure the mortgage payments; the shattering deal was between you and him, not you and the bank, so they are not predestined by it. If he goes bankrupt, they only actually they can on is you.

If he sells the shelter and gets enough take to pay off the bank, that’s colossal, there is nothing for them to be intent on you for.

Filing bankruptcy alone will not transform the bank take the bawdy-house. Many people document bankruptcy and keep their bordello, provided they can extend to flesh out b compose the mortgage payments, and pay any open-mindedness into their bankruptcy stratum for the advance of their creditors. More message can be found on this article about What Happens to My Prostitution if I Asseverate Bankruptcy ?

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Personal Bankruptcy in BC - "What you need to know" - Episode 1

An overview of base bankruptcy questions answered by Vancouver, BC Trustee in Bankruptcy, Blair Mantin. Learn what happens in a bankruptcy to ...