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| T O P I C R E V I E W |
| poodle |
Posted - 25 June 2009 : 11:33:45
Hi,
Just wondering have any of you ever wanted to buy your beneficial interest and not been allowed to? We are at least £7k in negative equity our mortgage & secured loan come to £820 per month and this is manageable from our income if we have no longer got credit card debts which is thre reason we are going bankrupt!
Grateful for your advice on this.
Liz |
| 3 L A T E S T R E P L I E S (Newest First) |
| Suzanne |
Posted - 25 June 2009 : 15:08:52
No, they still have their security on the property, so as long as you are able to continue to pay that there would be no issue. The different debts, secured and unsecured, would be dealt with by different areas of the company anyway.
Suzanne Stocker
Bankruptcy Manager
Jones Giles Ltd
www.jonesgiles.co.uk
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| poodle |
Posted - 25 June 2009 : 15:02:18
Hi Suzanne,
Thanks for your advice, additionally, our mortgage is with abbey and our secured loan with barclays and these are two of the credit cards we will be putting into our bankruptcy.
Will abbey and barclays be funny with us about this?
Thanks |
| Suzanne |
Posted - 25 June 2009 : 14:59:23
Hi poodle
As long as you can show documentation that you are in negative equity, and your mortgage payments are not excessive in relation to your income, the OR will be only too pleased to sign off and finalise another case.
Suzanne Stocker
Bankruptcy Manager
Jones Giles Ltd
www.jonesgiles.co.uk
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