property in the United States

Question: I own property in the United States – if I claim bankruptcy in Ontario will I lose my property in the United States?

Answer: If there is equity in the property, yes, it is likely you will lose it, or be required to pay to the trustee the value of the property if you wish to keep it.

This entry was posted on Saturday, July 28th, 2007 at 2:24 am and is filed under bankruptcy Ontario, what do I get to keep if I go bankrupt. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.