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 Including unsecured loan in bankruptcy ?

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T O P I C    R E V I E W
Martin.77 Posted - 09 January 2011 : 19:46:13
i have Northern Rock Together mortgage with an unsecured loan off 23k, My parnter and I are currently in the process off making ourselves bankrupt, can i include this unsecured loan into our bankruptcy, How would it effect our Mortgage and could Northern rock try and repossess the house if it was possible
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Melanie.n Posted - 10 January 2011 : 07:40:21
Hi there, the unsecured element to Northern Rock is no differnt to your credit cards and would have to be included in your unsecured debts in your bankruptcy.

Once the bankruptcy order is made you would only pay the mortgage element of the monthly payment

Hope this helps, Melanie

Melanie Nicholas
29 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
email me at melanienicholas@jonesgiles.co.uk
telephone 01792 899996

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