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T O P I C    R E V I E W
jayne1970 Posted - 27 February 2009 : 19:04:35
Wondered if any one can answer this for me:

We have a Northern Rock mortgage 92k, with an unsecured loan of 29k, mortgage statement lumps together as total outstanding of 121k.This is paid as one monthly payment.
If we did go bankrupt, would we put down o/s mortgage ammount as 92k, or 121k (121k was put down on IVA proposal despite the unsecured ammount forming part of IVA). This would effect wether or not property in negative equity, as worth approx 100k.

Can we indclude the unsecured part of the loan in our bankruptcy? Need to know, as will need to seperate payments, and continue to pay only secured part unit bankruptcy hearing.

Hope this makes sense.

1   L A T E S T    R E P L I E S    (Newest First)
Melanie.n Posted - 27 February 2009 : 20:02:01
Hi Jayne1970 please see my response on your duplicate post

Melanie Nicholas
28 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles

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