Bankruptcy Ontario: Free Information about Bankruptcy in Ontario

property in the United States

Posted on Friday, July 27, 2007

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.

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