| In August 1996 after being with Canada Post
Corporation for 10 years my position as a Project Coordination was
declared surplus and I lost my job. Since then the bank has
reposessed my $200,000 home because of back taxes. The bank paid the
city and then would not add this money to the mortgage even though the
monthly payment would have been lower (due to lower interest) because
I was not employeed. They then sold the house for $134,000 and want
the balance.
I am currently going to school and have little income and am having
difficulty paying my bills (credit cards and a personal load). I want
to declare bankrupcy but have two important questions.
1. The only thing I now own is a 1/3 share of 50 acres of woodland
near Ottawa, Ontario (balance of loan is about $17,000). If I declare
bankrupcy will the two people who are the legal owner owners of 2/3 of
this property be forced to give up this property?
2. If you owe Revenue Canada backtaxes can these be included in your
backrupcy claim?
Thank you for any help you may be able to provide.
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