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T O P I C R E V I E W
covguy
Posted - 12 January 2009 : 11:32:48 Hi,have just acquired the forms for bankruptcy.I have approx £24k in unsecured debts.I also have mortgage arrears of £10k,with my lender now looking to enforce a suspended re-posession order. Should i submit the forms after re-posession,before,or doesnt it matter? Thanks
paul smith
1 L A T E S T R E P L I E S (Newest First)
Reviva UK
Posted - 12 January 2009 : 22:21:42 Hi
in theory it doesn't matter, however it is good that you include your best guess for the shortfall ( not just arrears ) for thr mortgage in the UNSECURED debts section .
This is because when the property is finally sold the shortfall will become unsecured
Paul Johns Assisted Bankruptcy Specialists Reviva UK
