Personal Bankruptcy Forum


Author:   Garry
Date:   October 22 , 2001
Question:  

Is it possible to own a home or purchase a home while still in the 9 month period of Bankruptcy?

 


From:
 

Ann Clarke, Collins Barrow Limited
Date:   October 23, 2001
Answer:   Someone who is an undischarged bankrupt can own a home or purchase one, provided they disclose to the mortgage lender that they are an undischarged bankrupt. The Trustee will also need to be advised of any transaction of this nature.

Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca




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