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T O P I C R E V I E W
p512
Posted - 07 April 2009 : 20:06:37 Hi
When going bankrupt does my name get taken off mortgage, and all loans, and bank account with an overdraft, i have in joint name with someone else?
2 L A T E S T R E P L I E S (Newest First)
Caroline
Posted - 07 April 2009 : 21:55:04 Yep, Coop Cashminder definitely the best! I opened one before I went BR and have just opened a second today so I can have a separate one for bills etc. Coop have been brilliant!
chester2005
Posted - 07 April 2009 : 20:22:59 Your name will remain on the mortgage but the OR will become the owner of any equity you own or any Beneficial interest you posess. Any loans in joint names will probably be joint or seperate liability meaning if you go BR the other name on the loan or overdraft becomes totally responsible for the debt. Bank accounts with your name on will most likely be closed , or name removed if joint. If you have a basic account with no cheque bnook or overdraft you may be allowed to keep it but most banks are not BR friendly. You would most likely be best opening a COOP Cashminder account they are BR friendly
Dave
Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.(Baz Lurman) Life's too short!!!
