Today 03/16/2010
Bankruptcy Ontario: Free Information about Bankruptcy in Ontario

Bankruptcy in Ontario

consumer proposal and house

Question: Do I lose my house with a consumer proposal?
Dan

Answer: No, the administrator of the consumer proposal will not take your house. One of the main benefits of a consumer proposal is that you keep your house. However, if there is a mortgage on the house, you must continue to make the mortgage payments, or else the bank will take your house if your mortgage falls into arrears.

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