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T O P I C R E V I E W
baxi
Posted - 21 June 2009 : 15:56:19 Hi all, i filled in my SOA and put the shortfall on my mortgage and secured loan down as a minus on the secured creditors section and wrote negative equity next to the total. I want the shortfall to be included in my BR.
I asked the CAB to check over my form and i asked if i needed to put the shortfall as an unsecured creditor also, but the CAB said no. However i thought i'd read on here that i do need to put it down as unsecured also, can anyone help?
3 L A T E S T R E P L I E S (Newest First)
poodle
Posted - 25 June 2009 : 11:01:51 I'm glad you've raised this question though I am in a slightly different position to you.
Hubby and I are going bankrupt next week. We are in negative equity but hoping to keep the house and get a relative to buy the beneficial interest for £1 plust conveyancing costs. Where do we have to show our shortfall?
Thanks!
cazoom
Posted - 25 June 2009 : 09:37:07 I had a shortfall on my mortgage after my property was sold. So now I have to go BR to get rid of the debt. Paul Jones from Reviva was brilliant with me explaining thus about the short fall. Because the property is sold it is now not secured so it goes in the unsecured section. hope that makes sense to you.
Jane.l
Posted - 22 June 2009 : 08:57:23 mm, the advice on this forum is to put it in the unsecured section too, I didn't as I did not know that at the time but I explained all about the neg equity and that we tried to sell the house in the "reasons for bankruptcy" section. I also told the OR in my interview and it was all included.
