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T O P I C R E V I E W
db123
Posted - 07 January 2012 : 10:46:42 when we go bankrupt can we stay in the house few few weeks or do we have to leave immedimately.
3 L A T E S T R E P L I E S (Newest First)
Niobe
Posted - 09 January 2012 : 11:07:39 If you do own your house then the OR can keep an interest in it for two years and three months before deciding what to do with it.
Follow through Make your dreams come true Don't give up the fight You will be alright 'Cause there's no one like you in the universe
Jan xxx
Steve Thatcher
Posted - 09 January 2012 : 10:20:07 If you rent the property and can continue to pay the rent, you can stay.
If you own the house and can continue to pay the mortgage and secured charges, and wish to stay you can.
If you own and cannot afford to stay and indeed if you do not want to stay you will be able to stay in the property until asked to vacate by either the OR or more likely the mortgage company. This may depend on whether there is equity or not.
Many clients of mine are able to stay a number of months in the property before they are asked to vacate.
Steve Thatcher
Viki.W
Posted - 07 January 2012 : 11:30:02 Do you want your house to be repossessed?
Is there any equity in the house?
You don't necessarily lose your home once you declare bankruptcy. Please post some more details or contact an expert.
