HOME  FORUM  MEDIA  EVENTS  ARTICLES  TV  BLOGS
•Home
Bankruptcy:
•Bankruptcy Information Center
•What is Bankruptcy?
•Is Bankruptcy right for me?

•How to declare Bankruptcy?
•What happens to my assets?
•Bankruptcy and credit rating

Forum:
•forum
•register
•search
•faq
•experts

Blogs:
•Bankruptcy News
•More...

Media Room:
•Press releases
•Media Coverage

Other:
•About BankruptcyHelp
•Links
•Contact us
•Debt Glossary
•Insolvency jobs


FORUM
  > Browse and post on our forum
Home   |   Profile   |   Register   |   Active Topics   |   Members   |   Search   |   FAQ

Welcome to our Forum, please register if you want to post

 All Forums
 archive
 bankruptcy postbag for june
 what happens now

Note: You must be registered in order to post a reply.
To register, click here. Registration is FREE!

Screensize:
UserName:
Password:
Format Mode:
Format: BoldItalicizedUnderlineStrikethrough Align LeftCenteredAlign Right Horizontal Rule Insert HyperlinkInsert EmailInsert Image Insert CodeInsert QuoteInsert List
   
Message:

* HTML is OFF
* Forum Code is ON
Smilies
Smile [:)] Big Smile [:D] Cool [8D] Blush [:I]
Tongue [:P] Evil [):] Wink [;)] Clown [:o)]
Black Eye [B)] Eight Ball [8] Frown [:(] Shy [8)]
Shocked [:0] Angry [:(!] Dead [xx(] Sleepy [|)]
Kisses [:X] Approve [^] Disapprove [V] Question [?]

 
   

T O P I C    R E V I E W
julie08 Posted - 21 June 2008 : 16:01:51
hi all, am now discharged from my bankruptcy , my trustee had interest in my home , they are now wanting my half of the equity which is 15k they have said 8k up front and then 200 per month , we arnt going to be able to live as we also have other comittments ie , mortgage, insurance etc are they being un fair , the say if we dont pay the house will go for reposession , also they gave 60 days to raise the 8k
4   L A T E S T    R E P L I E S    (Newest First)
JulianDonnelly Posted - 21 June 2008 : 20:10:36
Hi Julie,

It depends on the factors of the case. I would imagine the OR wouldn't have asked for it if they didn't consider it reasonable. As a question, when calculating the equity, did they factor in mortgage redemption penalties and sale costs? If not, this can be used as a valid argument for lowering the equity available.

Regards

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
julie08 Posted - 21 June 2008 : 17:47:52
thanx for replies , we have agreed to the trustees terms but cant help feeling that 8k in a lump sum is far too steep does any 1 agree that it is un reasonable
JulianDonnelly Posted - 21 June 2008 : 16:56:04
Hi Julie,

It would be great to hear Suzanne's take on the situation. My view is that given the current economic climate, it is likely a sale would only be accomplished at a discounted price. Given these factors, I'm sure you could negotiate more time.

Regards

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
debtfreesusie67 Posted - 21 June 2008 : 16:51:20
Hey Julie just wanted to say congratulations on being discharged from your BR. I don't have the answers about your property I'm sorry but I'm sure an expert will be along soon with all the answers

Hugs
Sue
The only way is up

bankruptcyhelp.org.uk Forum © bankruptcyhelp Go To Top Of Page
Powered By: Snitz Forums 2000 Version 3.4.06