http://www.bankruptcy-edmonton.com/bankruptcy/2009/11/do-i-loose-my-home.html Bankruptcy Edmonton Tue, 07 Feb 2012 15:47:45 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.bankruptcy-edmonton.com/bankruptcy/2009/11/do-i-loose-my-home.html/comment-page-1#comment-438 Bart Goth, Trustee in Bankruptcy Wed, 02 Dec 2009 14:15:19 +0000 http://www.bankruptcy-edmonton.com/?p=444#comment-438 The answer to this question depends on the value of the property. Essentially you are permitted to have up to $40,000 equity in a principle residence and as long as your equity value is less than this then you will no issue with your house and will be able to keep it if <a HREF="http://www.bankruptcy-edmonton.com/bankruptcy-edmonton.htm" rel="nofollow">bankruptcy</A>. However if your equity is larger than this then there may be a portion of the equity that has to be distributed among your creditors. The answer to this question depends on the value of the property. Essentially you are permitted to have up to $40,000 equity in a principle residence and as long as your equity value is less than this then you will no issue with your house and will be able to keep it if bankruptcy. However if your equity is larger than this then there may be a portion of the equity that has to be distributed among your creditors.

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