Can you include a NB Housing loan?
If going bankrupt can you include a New Brunswick housing loan? We had a grant of $9,000.00 for home improvements and they put the remainder of $10,000.00 into a loan with monthly payments. What happens to the loan? Do we still owe or is it erased through the bankruptcy?
If the loan is secured against the home it cannot be erased without you losing the home.
If it is not secured it can be erased in a bankruptcy.
Please take the document with you when you have your initial consultation with your trustee.
The trustee will be able to answer your question after he examines the document.
You can find a trustee at the following link: