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Bankruptcy Question & Answer Forum - Canada


Author:

  

Renee

Date:

  

August 3, 2005

Question:

  

Hi, I'm just wondering if I do file bankruptcy, if there is any way that my mortgage could be part of that. I understand that losing that house would be a consequence.

Thanks,

Renee



From:

  

Bruce, Alger & Associates Inc.

Date:

  

August 5, 2005

Answer:

  

Any time you meet the terms of a credit arrangement it can help your credit rating. As your proposal was finished over 3 years ago, the credit rating agency will no longer report that you filed a proposal.

Bruce Alger
phone: (403) 296-2970
balger@alger.ca



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