| T O P I C R E V I E W |
| Jay.md |
Posted - 24 April 2012 : 08:42:25
I have an outsanding mortgage and a charge (by the creditor) on my property. also there are sums of persanal loans and credit cards. I am up to date with my mortgage but am struggling with the unsecured loans. If I sell the property it will hardly pay off the mortgage amount, leaving me with charge on the property (about £15000), plus unsecured loan in the range of 30K. in such a situation what will be the best way to come of the debit. I am thinking about the Bankruptcy, will it be better to sell the house 1st and then apply for the bankruptcy or before selling the house, or there is any other option.
thanksout of the |
| 5 L A T E S T R E P L I E S (Newest First) |
| Skippy |
Posted - 25 April 2012 : 19:00:49
April1967, please do not suggest that people contact you directly as this is not allowed on the forum.
View my blog at http://skippy13.blogs.iva.co.uk/
Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.
Last IPA payment made on 28th June 2010 and I'm now looking forward to getting married in September 2012 - I'm proof that you can go BR and come out the other side. |
| Niobe |
Posted - 25 April 2012 : 17:42:32
April967 - posters are not able to private message you and you are not allowed to tout for business on here.
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 |
| april1967 |
Posted - 25 April 2012 : 15:35:58
Go to www.consumeractiongroup.co.uk and read up on unenforceable credit agreements. This will provide you with enough information to liaise with your creditors and make payments according to your budget and more importantly, prevent you from losing your home or going bankrupt.
Send me a private message if you want specific help. |
| Kelly O |
Posted - 24 April 2012 : 10:40:44
Hi Jay and welcome to the forum,
As Viki has mentioned you have a few options.
Do you want to stay in your property or are you happy to move somewhere else?
If the property is sold or repossessed the remainder of the charge will become unsecured and then go into your bankruptcy along with the credit cards and loans.
Kelly Osadare CertDR
www.melaniegiles.co.uk
If you would like any help or advice on any aspect of your debts do not hesitate to contact me.Debt Advisory Manager for Melanie Giles www.melaniegiles.co.uk |
| Viki.W |
Posted - 24 April 2012 : 09:34:15
Hi Jay,
There may be a few options, but I really suggest you contact an expert on here to chat through your situation. You can then have all your options discussed with you.
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 |
