All Forums  archive  Forum Questions  Buy-to-let properties. Council tax and shortfall

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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by davidd[/i] [br]Hi Can somebody please help me with the following questions. Eighteen months ago I was declared bankrupt with a portfolio of buy-to-let properties, six of which WERE NOT repossessed by the lender, and were instead given to an LPA to manage. I am now being asked for council tax payments by the council, and three of the properties are in the process of being sold at a considerable loss on the origional loan. My questions are: 1/ Am I liable for the council tax payments? 2/ The building societies, (Northern Rock & Mortgage Express,) are insisting that although these properties were declared as part of my bankruptcy, (and I have signed nothing since,) I am still liable for any shortfall, and could face further insolvency should I refuse to come to a settlemnt agreement. Am I still liable, and could I be bankrupt again on the same property? If somebody can help me I would be so grateful, as all the signs of major stress are beginning to happen again. Thank you. David D [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.