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| T O P I C R E V I E W |
| alfie.i |
Posted - 27 August 2010 : 22:18:27
Hi,
five and a half years ago I had to sell a property as I could not afford the mortgage. I used the proceeds of the sale as a deposit for another property, and signed it over to my son, who took out a mortgage in his name, and we now pay rent to him to cover the mortgage and we live in the property.
is bankruptcy an option now? |
| 3 L A T E S T R E P L I E S (Newest First) |
| RHB |
Posted - 28 August 2010 : 12:43:55
Were you insolvent at the time? |
| Viki.W |
Posted - 28 August 2010 : 11:06:22
Hi alfie, welcome to the forum.
Would you like to tell us a little bit about your situation, your debts, assets, etc, and then maybe we can help further.
Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Please read my experience of debt via my blog at http://vikiw.blogs.iva.co.uk/ |
| gettingoutofdebt |
Posted - 28 August 2010 : 09:46:10
You can declare BR at any time. Are you concerned that the property you signed over to your son would be taken as part of the BR? What are your other debts/assets? |
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