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T O P I C R E V I E W
devid1979
Posted - 23 June 2009 : 23:12:32 When I sign for bankruptcy what will happen to the house/motgage. I am the only named person on my mortgage but live with my partner and her daughter , she can afford to maitain the mortgage, is that possible ???
3 L A T E S T R E P L I E S (Newest First)
devild
Posted - 24 June 2009 : 18:51:24 thanks for that . what exactly happens to the mortgage payments ?? what does it mean " buy the interest" ??
Hallway123
Posted - 24 June 2009 : 07:08:05 I think it depends if there is any equity in the property,if there is it will prob have to be sold to pay creditors.If it's in negative equity your partner could prob buy your interest for £1 plus think it's £210 fees.
gettingoutofdebt
Posted - 24 June 2009 : 07:07:53 Is their any equity in the property? If so the OR will want to release this so would sell the property. If the property is in negative equity then you, or your partner, could buy the property from the OR for £1 plus £211 fees.
