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T O P I C R E V I E W
julias36
Posted - 21 May 2009 : 11:30:55 Hi, Weve got our bankruptcy hearing on 13/07/09 and need a little advice on something, we have a mortgage and a secured loan against it,we are currently on a mortgage holiday which is due to finish in July, would you advise us to try and keep paying the secured loan up until the court date?? I ask this because we were told that if we defaulted on the secured loan whilst on a mortgage holiday they could obviously start proceedings for there money??
2 L A T E S T R E P L I E S (Newest First)
cazoom
Posted - 21 May 2009 : 20:48:27 You have the same date as me..... good luck.......doing everything myself so feeling very nervous
Blackie
Posted - 21 May 2009 : 11:50:08 Yes! The mortgage and secured loan will both have to be paid whether you are bankrupt or not. The only debts that can be written off in a bankruptcy are unsecured ones and any shortfall on the sale of your property.
