| Author: |
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Lost in Shuffle |
| Date: |
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December 10, 2001 |
| Question: |
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Do you have to sell a mortgaged house and a car you are making
payments on if you were to claim bankrupcy? I have a few other debts that are the ones causing me grief. If I did not have them and only had the house and car payment I would be fine.
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From: |
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Ann Clarke, Collins Barrow Limited |
| Date: |
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December 11, 2001 |
| Answer: |
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Bankruptcy affects unsecured debts. Generally, you can keep a mortgaged
house and car if the secured creditor allows you to keep paying, which
they usually do.
Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca
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