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T O P I C R E V I E W
trudy.m
Posted - 23 February 2009 : 14:19:00 ive been on debt management for 4years dont seem to be getting any where the only thing is too look in to bankruptcy. but dont want to lose my house keep getting mixed messages ive got negative equity please help
1 L A T E S T R E P L I E S (Newest First)
John
Posted - 23 February 2009 : 14:45:14 Hi trudy
if your property is in negative equity and you are able to afford to keep up the mortgae repayments and any other loans secured against the property you should keep your home.
You will need a 3rd party to be willing to buy your beneficial interest in the property from the Official Receiver. The 3rd party would therefore need to be someone you can trust.
The fee is £211 + £1 for each joint owner declaring bankruptcy.
