Personal Bankruptcy Forum


Author:   Jarvel
Date:   April 12, 2000
Question:   I am considering bankruptcy. I have a house with less than $40,000 equity. I am slightly behind on my property taxes, but my mortgage is up to date. Is my house safe through a bankruptcy?
 


From:
 

Shane Brenneis, Collins Barrow Limited
Date:   April 17, 2000
Answer:  

A mortgage is not affected by a bankruptcy proceeding. As long as you are up to date, you will continue with your payments. If you fall behind, they have their recourse to foreclose, bankruptcy or not.

If you have any further questions or want to come in for a free assessment to our office, please call or email me using the information below.

Shane Brenneis
phone: (403) 298-1575
sbrenneis@collinsbarrow.com




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