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T O P I C R E V I E W
gdc
Posted - 30 June 2009 : 13:49:10 I apologise I have another question I need to post.I am looking to go bankrupt in the next few weeks. I have had my house repossessed recently and it is now up for sale. I am not sure if there will be a shortfall on the house or not from my first mortgage but there definately will be on the second mortgage, can I include these on my debts as the house is no longer in my possession. Also if the house fails to sell before I am discharged can the mortgage people then come after me for the shortfall?
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gettingoutofdebt
Posted - 30 June 2009 : 15:29:09 Put both mortgages down on the BR form and these are currently your creditors. In that way even if the house doesn't sell both of these mortgages will be written off as part of your BR and the mortgage company won't chase you for any shortfall.
