What happens to liens placed against property when bankruptcy in Ontario is declared
Today 02/12/2012
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What happens to liens placed against property when bankruptcy in Ontario is declared
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.