Hello, not long ago i received A twitter message with a claim against me personally for the outstanding mortgage financial obligation of 244,000. The property had been owned by me with my ex and three years ago transferred the land name to him and his moms and dads. I didn’t know this didn’t release me personally through the mortgage that I am being sued for it until I received the claim. We have resided in Australia when it comes to previous 7 years and also have no intends to go back into Alberta canada where We am being sued. What is going to take place if we seek bankruptcy relief in Canada? Does it impact my likelihood of trying to get mortgage loans and resident ship in Australia? If thereвЂ™s a statutory suit claim for home financing will the bank nevertheless attempt to offer the home to reduce your debt?
Hi Leila. For those who have no intends to come back to Canada, the creditor cannot garnishee your wages in Canada, generally there is probably absolutely nothing significant that may derive from the lawsuit. Read More