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| rv02 |
Posted - 28 August 2008 : 22:27:52
Dear All
In the section 9 of the SoA form it sayd list of any propeties thatmay have been disposed or transfered .
I put my wife'sname on the mortgage three years ago, doesthis mean I have to list this in this section. And does my wife needs to do the same.
Also in the last section it say BR preceding number, where do I get this?
We have a mortgage and secured loan but we are planning to give the keys away, do I state that in secured loan or unsecured loan? our house has a hughe negative equity and we can not afford t stay there anymore.
This one might be a silly question but what do they mean as dependant, as they need the list of dependants, I now my 2 year old child is dependant but my wife will not be dependant I presume?
Last, in the section where it says list any properties I have to include my house but if we going to move out just before I go to court do I include our rented accomodatuion as well, becauase this makes it look that we have two properties.Where do I explain that we are giving the houe back and not paying the mortage
Any help will be appreciated and sorry about all these question. I jut want to make sure that we get this right as this is the single most imprtant decision of our lives and wecan not afford tomess this up
Thanks in Advance |
| 4 L A T E S T R E P L I E S (Newest First) |
| rv02 |
Posted - 29 August 2008 : 16:56:50
Thanks for the help.
I have put her in section 9 but there is no place to put a note that I can find.
Question about section 8.1 and two , do I put my current house and also my rented accomodation as I don't want them to think that i am paying rent and mortgage. Which brings me to a question, I was talking to an eastate agent and she informed me that it best in our interest that we declare BR and then look for rented accomodation as the OR (since they are getting stricter apparantely) will take a dim view of how we came up with deposits (some agents are asking for 6 momths or a garantor) and then its not defiunite as to whether we can rent or not. Also she said why we are looking for a three bedroom as its only is myself and my wife and our onbe daughter and she said OR might not see this favourably.
I am now completely worried and my head is spinning about all this and your hellp is greatly appreciated as I honestly think I am loosing the plot. Is going to an expert firm better as I dont think I can handle this. Its all too confusing.
Finally I have written the reason for my BR can I post it here for some coments, I have been honest but not sure if is good enough, they also ask when I started having difficulty paying my creditors , is this from the time we decided to go BR as prior to that we were living off my overdraft and also loans.
Really sorry about all thiese question. This forum has beena great help to me so far
thaks again |
| JulianDonnelly |
Posted - 29 August 2008 : 14:50:54
Great advice as usual Paul.
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367 |
| Reviva UK |
Posted - 28 August 2008 : 23:47:45
Hi
this section is really about selling or disposing of assets - and either what you eventually did with the money or have you gifted them away at less than market value.
It is quite common for affordability reasons to put a spouse on the mortgage - and in most events even if they wern't either o the mortgage or contributing would be entitled to some equity in the event of a split.
If your wife going Br too then there is not an issue so you would put her on section 9 and simply put a small explanation in the sections available at the end for additional notes.
( incidentally being on the mortgage doesn't necessarity mean that there has been any equity given away)
dependent is everyone else in the household that is in some way dependant upon you - I would suggest that this includes your wife.
re the current property & rental these go in section 8.1 & 8.2 respectively
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
www.revivauk.com |
| Trolly-Dolly |
Posted - 28 August 2008 : 23:04:09
Hang in there, probably tomorrow you will get an answer (bit quiet now) as I dont know. But someone will advise.
You can read my blog here;
http://drowningmummy.blogs.iva.co.uk/ |
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