Foreclosure then bankruptcy and cmhc sueing

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undersc0re

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Foreclosure then bankruptcy and cmhc sueing
« on: June 24, 2015, 02:17:39 AM »
I was wondering if anyone had experience with foreclosing on a home and then going bankrupt because of all the money the banks lawyers wanted for dealing with foreclosure as well as your other debts. Now if you get the ok after 21 months that your bankruptcy is finished or your in the middle of paying the consumer proposal, either way how would cmhc sueing you for money owed later be dealt with? Does bankruptcy get rid of all the foreclosure debts however related?

I was just warned by a guy at work that I could get sued afterwards or owe money because of the house even if I go bankrupt, the trustee was not entirely clear on how those issues worked or I was just overwhelmed with info at that point that I did not quite remember and understand it all.
« Last Edit: June 24, 2015, 02:21:54 AM by undersc0re »

 

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