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T O P I C R E V I E W
pix1
Posted - 17 December 2008 : 13:12:58 If someone goes bankrupt and a relative buys the BI does this mean that any mortgage in existence on the property continues to be paid by the bankrupt?
2 L A T E S T R E P L I E S (Newest First)
Needafriend
Posted - 17 December 2008 : 13:34:16 Hi Pix
I have to agree with M&M on this one. In no way shape or form does the person buying the BI have a legal right to pay the mortgage or have any other right on the mortgage, the payments are still the responsibilty of the bankruptee.
Jo x
19 Weeks down
33 to go
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called: Needafriend's Info on Bankruptcy :-) http://debtfreejo.blogs.bankruptcyhelp.org.uk/ Needafriend says: Live life to the full, take life by the horns and live a little, otherwise life would be so boring!
MrandMrs
Posted - 17 December 2008 : 13:15:41 Yes, buying BI doesn't change the ownership of the property, nor the mortgage held on it
working towards the first day of the rest of our lives
