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T O P I C R E V I E W
ladylumps45
Posted - 27 February 2009 : 20:29:05 hubby owes the leaseholder (a company) money for ground rent and maintenance etc.does this get put down under secured debt with his mortgage debt or is it unsecured.i assumed it would be secured as the leaseholders can take the lease away on nonpayment but im probably wrong?
3 L A T E S T R E P L I E S (Newest First)
Melanie.n
Posted - 27 February 2009 : 21:45:16 I stick by my original reply - place it on the secured creditors page
Melanie Nicholas 28 years insolvency experience - 23 of which in the Insolvency Service - Insolvency Manager Jones Giles
ladylumps45
Posted - 27 February 2009 : 20:49:15 thanks melanie,just to clarify,it is the leaseholding company of a flat he lived in before he moved in with me.he has a mortgage on the flat.
Melanie.n
Posted - 27 February 2009 : 20:44:43 It does not really matter where this is listed - technially if he was to continue to trade it would be a priority debt as if he did not pay the lease he would risk losing the tenancy. But if on bankruptcy he is ceasing to trade (if he has not already done so) it does not really matter. You can list it after your mortgage on the secured creditors page or as an unsecured debt (i'd probably list on the secured page, but there is nor 'rule' here)
Hope this helps
Melanie Nicholas 28 years insolvency experience - 23 of which in the Insolvency Service - Insolvency Manager Jones Giles
