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T O P I C R E V I E W
xav_lor
Posted - 25 April 2009 : 08:34:15 i have a friend in canada if he cant pay his mortgage and the bank takes the house back does he have to go bankrupt
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chester2005
Posted - 25 April 2009 : 12:40:55 Firstly welcome to the forum Generally speaking the questions and answers on this forum relate to the British Bankruptcy laws but quite often the laws are very similar in other countries. Generally speaking , just because you have th ehouse reposessed doesn't mean you Have to go BR, if there is a shortfall on the mortgage you are then pursued and are expected to pay the difference This is unless the laws are really different in Canada!!!
Dave
Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.(Baz Lurman) Life's too short!!!
