| T O P I C R E V I E W |
| andrew.h |
Posted - 11 June 2008 : 21:08:26
I have been declared bankrupt for nearly two weeks now, and i am getting heat from the Mortgage company about paying my mortgage. I have my interview with the OR this Friday, and i have viewed a property to rent that i can move into on 19th July.
The mortgage company want to send some kind of debt advisor / collector round to see if i can still afford to pay the mortgage, and i've told them that this is a waste of time. How do i stand on this issue. Do i have to see this advisor?
If i hand my house keys to the OR can i stay in the property until 19th July? |
| 15 L A T E S T R E P L I E S (Newest First) |
| JulianDonnelly |
Posted - 20 June 2008 : 12:05:18
Hi Andrew,
Delighted I could help!
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
| andrew.h |
Posted - 19 June 2008 : 19:04:00
Hi Al
Glad to read someone having a similar experience. My mortgage is with The Mortgage Business.
Julian
Thanks for the advice. I have let the OR know what i am doing every to step of the way to ensure i'm not doing anything wrong. |
| JulianDonnelly |
Posted - 19 June 2008 : 14:57:04
Hi Al,
The shortfall is the difference between what is owed and how much the asset realises as auction (which is usually considerably less than what is owed).
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
| Al_ |
Posted - 19 June 2008 : 14:32:15
Julian,
What do you mean by shortfall?
Al.
ps. thank you for your reply re. creditbuilder card. |
| JulianDonnelly |
Posted - 19 June 2008 : 13:14:21
Hi Andrew,
Just remember to let the OR know that the property has been repossessed so they can include the shortfall in your BR.
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
| Al_ |
Posted - 19 June 2008 : 12:46:50
Andrew,
Your situation sounds very similar to my own. I was BR last year (now discharged) and I just handed the keys back and moved on. Who is your lender?
Al. |
| melanie_giles |
Posted - 18 June 2008 : 00:27:32
You can hand the keys back to the mortgage company at any time.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
| andrew.h |
Posted - 17 June 2008 : 19:17:49
OK, So i have sorted out my rental property and move in July. Can i just hand the keys back to the Mortgage company or do i have to wait for them to repossess it?
What affect will either action have on my dealings with the OR? |
| JulianDonnelly |
Posted - 13 June 2008 : 20:23:13
Hi Andrew,
Best of luck!
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
| melanie_giles |
Posted - 12 June 2008 : 22:27:02
Good luck with it Andrew, and report in tomorrow night with some details of the interview please.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
| andrew.h |
Posted - 12 June 2008 : 22:23:43
Melanie, Thanks for making me feel at ease about it. I guess i will wait and see what comes of my interview with the Official Receiver tomorrow. |
| melanie_giles |
Posted - 12 June 2008 : 22:17:39
They can apply for possession proceedings as soon as you are three payments in arrears, but this is longwinded and could take up to 6 months.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
| andrew.h |
Posted - 12 June 2008 : 22:15:18
That's ok with me, i just want to be able to stay put until 19th July. What can the mortgage company do?
I'm guessing that they can apply for possession but is it correct that this action would not be concluded before 19th July? |
| melanie_giles |
Posted - 12 June 2008 : 22:12:03
Then the OR will want to deal with this quickly to avoid further erosion of the equity.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
| andrew.h |
Posted - 12 June 2008 : 19:38:13
There should be approx £10k equity |
