All Forums  archive  Forum Questions  Questions about clearing a charging order. A car loan was secured against my house

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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 Anon123[/i] [br]I was declared bankrupt in March 2011 and discharged Jan 2012. However before I was able to complete my bankruptcy, Creation Finance secured my car loan against my house (£15K). I am a joint homeowner with a joint mortgage of £120k with my wife, CO is £15k and my house worth about £150k. In short, life is starting to return to normal. We kept our house as part of the bankruptcy and I had a good income both prior to and post bankruptcy. I was self employed and owed a lot of money from someone else, which drove the bankruptcy. I am trying to 'clean everything up with a view to perhaps moving in a few years time. Only now am I starting to understand the impact of the charging order and what problems it may create in time. My questions: I've seen forum postings that say a CO is not valid because we are joint owners of the property, is this the case? Given that everything else was cleared under bankruptcy, is there any way to get rid of the CO retrospectively? When I come to sell, is it likely to be an issue on getting a mortgate, given all this will have happened 10 years ago - i.e. will it always show on my credit file? Or will I just be able to clear it as part of proceedings? Can I chip away at the debt or does it have to all be settled at once? How do I find if it's even registered? Lots of questions I know, feeling a bit confused as I can't find the CO in my credit file, or the CCJ, only the Default. But i definitely got CCJ papers and it was ruled I should pay the debt in full I think. Again, how can I check. Thanks, K [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.