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| T O P I C R E V I E W |
| Delboy |
Posted - 09 July 2009 : 14:15:09
Hi Everyone,
My wife and I went BR last year, myself in June her in September, in November last year, we voluntry let the Northern Rock repossess our home, they have sold it for less than we paid for it, and we have today had a letter from a debt collection agency demanding that we pay over £22,000 due to the shortfall.
Should this not be covered by the bankruptcies, or are we going to have to pay it?
Regards
Delboy |
| 3 L A T E S T R E P L I E S (Newest First) |
| Reviva UK |
Posted - 21 July 2009 : 15:15:16
at the time of bankruptcy the equity - or indeed shortfall - will rest with the bankruptcy estate.
In the event that you have not purchased the Beneficial Interest back from the OR then it still rests with them and will be included in the Br
Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com
Real People ..... Real Debt Solutions |
| adelebw |
Posted - 21 July 2009 : 14:19:46
Hello delboy
Just wondered because you went bankrupt before the house was repossesed, would this mean that the house shortfall wuld not be included in the BR??? |
| gettingoutofdebt |
Posted - 09 July 2009 : 16:14:52
If you put the details on the SOA then the shortfall will be included in the BR. Forward the letter to the OR/RTLU and they will contact the debt collection agency. |
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