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T O P I C R E V I E W
rwi
Posted - 23 December 2008 : 00:24:53 will my home have to be sold or repossed if I go bankrupt
1 L A T E S T R E P L I E S (Newest First)
JulianDonnelly
Posted - 23 December 2008 : 09:11:35 Hi Rwi and welcome to the forum.
Secured lending is exempt from bankruptcy, so it will only be reposessed by the mortgage company if you fall significantly in arrears with the mortgage. The OR/Trustee will only look at a forced sale if there is a reasonable amount of equity in the property.
Julian Donnelly Spokesperson for www.Bankruptcyhelp.org.uk Don't forget the helpline on 0800 078 9367
