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T O P I C R E V I E W
Blair
Posted - 30 November 2009 : 14:42:48 Hi all,
Can you please help. If we are in arrears with mortgage and secured loan by a few months but come to an arrangement to repay the arrears, adding onto our monthly usual payments for the next 8 months, but go bankrupt now, will the OR allow these additional payments for the 8 months and can we still buy back the BI (house in negative equity) Thanks
3 L A T E S T R E P L I E S (Newest First)
chester2005
Posted - 01 December 2009 : 11:10:20 you can quite happily be in arrears when you declare BR and pay for these arrears out of your DI as you wish
Dave
Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.(Baz Lurman) RevivaUK helped me through it all i can't recommend them enough!!
Blair
Posted - 01 December 2009 : 09:27:28 Thanks, so does that mean that I don't have to be up to date with my mortgage payments or secured loans payments before I declare bankruptcy?
RHB
Posted - 30 November 2009 : 16:03:04 It might have to come out of any disposable income you have.
