Bankruptcy in Ontario and Liens

Posted on Tuesday, December 05, 2006

What happens to liens placed against property when bankruptcy in Ontario is declared

1 Comments:

At 5:26 PM, J. Douglas Hoyes, CA, Trustee said…

A lien is not automatically removed by a bankruptcy in Ontario. In general terms, secured creditors, such as a mortgage on a house or a lien on a house or car, are not discharged in a bankruptcy.

Feel free to contact a trustee in Ontario for further information on liens and bankruptcy.