Note: You must be registered in order to post a reply. To register, click here. Registration is FREE!
T O P I C R E V I E W
BankruptC
Posted - 11 July 2008 : 22:54:52 Hi,
Me again! I'm doing lots of reading and finding it all very confusing. Can someone please explain what will happen to our house after BR? Our house is in negative equity and is very unlikely to return to positive equity in the next 3 years. So what happens to the house for the next 3 years, and afterwards?
Thanks AGAIN!
I
3 L A T E S T R E P L I E S (Newest First)
melanie_giles
Posted - 12 July 2008 : 00:29:54 Either/Or - I would personally suggest that you do it yourselves for convenience.
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
BankruptC
Posted - 11 July 2008 : 23:25:56 Thanks Melanie,
Can we do this ourselves or does a third party have to do it (ie a relative or friend)?
I
melanie_giles
Posted - 11 July 2008 : 23:20:04 The best thing to do is to make the Trustee an offer of a nominal sum ie £1 plus £211 for the costs of transferring the propertu outside the bankruptcy. In which case, the property revests back to you and it is yours to do what you like with in the future.
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
