Tag Archives: bank foreclose

Are Property Taxes Considered Debts Included in Bankruptcy
By Joel Sandwith
12 Sep 2014 | Category: Debts In Bankruptcy | Leave a comment

Whether or not property taxes are discharged by filing bankruptcy is not a simple question. The answer is:  it depends. The difference lies in whether or not your outstanding property taxes remain a charge against the property. Let’s expand on that with a couple of examples. Scenario 1: Giving Up Your Home…

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What Happens to My Mortgage Debt After Filing Bankruptcy?
By Scott Schaefer, Trustee
21 Mar 2014 | Category: Debts In Bankruptcy | (2) comments
mortgage debt after filing bankruptcy

A mortgage is a debt secured against the value of your house. Secured debts, including a mortgage, are not debts covered by filing a personal bankruptcy. If you own a home and are experiencing financial difficulty, how your mortgage debt is affected by filing bankruptcy depends on whether you decide to keep your…

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How long till you have to move out after surrendering house in a bankruptcy?
By Bankruptcy Ontario Trustee
23 Jul 2012 | Category: Bankruptcy in Ontario | Leave a comment
surrender house in bankruptcy

Question: If you surrender your house to the bank and file bankruptcy in Canada do you have to move out right away? My specific situation is that I have about $20,000 in equity in the house after realtor fees/legal fees if I were to sell. Unfortunately that would not be…

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