Hi It's me again I have heard from my trustee, He has sent forms for me to sign. Included in the forms is a paragraph concerning my house I jointly own with my partner (not married) He wants a valuation done on th house, Does this man he is going to sell my home. He also sent a income payment questionaire. I get a monthly salary I pay the council tax and my partner pays all other bills gas electric morg etc. If i pay into the payment plan and clear the debt is my house then safe or can the trustee still make me sell it. I owe £7500.00 and can afford to give £250.00 a month in payment plan,Is this sufficent. God all these questions I just feel ill. help if you can, or if you have been there already and know the answers am desperate for the right advice
The trustee will be looking at the value of the property to establish realistically what you equity is worth.
You are on dangerous ground now as although your debts are only £75000 the trustees fees could and likely will far exceed this.
The trustee will look to realize your share of the property and will offer this to your partner to purchase your share if your partner is not in a position to do this then the trustee will look to seek possession of the property to sell.
I suggest you seek advice from one of the experts.
now im really scared
Posted - 23 May 2008 : 09:35:47
