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Bankruptcy Calgary Edmonton Q&A Forum



Kim Engel



If you are in a month to month mortgage with and have no co-signor to renew the mortgage, would you loose the house if you claimed bankruptcy?



Grant Thornton Limited



Mar 27, 2014



Hi Kim Provided you continue to make the agreed upon mortgage payments and comply with any other terms of the mortgage, a bankruptcy should not result in a loss of the home. A month to month mortgage is however somewhat unusual and there may be implications should you wish to move to a fixed term mortgage. Please call me to discuss this further.

Marie Kozlowski
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