All Forums  archive  Forum Questions  I want to go bankrupt but have a mortgage

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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 janice.d[/i] [br]I want to go bankrupt but have a mortgage of 153,000 the house is worth 150,000, The mortgage payments are £1000 per month, i want to go bankrupt but not lose the house, my daughters said that they will take over the house. I am in arears with my mortgage payment, what happens to the property, how much will it cost to transfer to them and what happens to my mortgage and mortgage repayments? Do my daughters have to get a new mortgage or can they take over mine, if they take over mine will they have to clear my payment arrears [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.