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 Hi, I have recently had my house repossed.		  New Topic  Reply to Topic
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friday.te
Starting Member



1 Posts
Posted - 22 April 2010 :  11:54:35  Show Profile  Visit friday.te's Homepage  Reply with Quote
Hi, I have recently had my house repossed. Do I have to wait for it to be sold before i go bankrupt so the shortfall can be included in the debt pot?
thanks

Bridgewood
Junior Member

United Kingdom
222 Posts
Posted - 22 April 2010 :  12:23:35  Show Profile  Visit Bridgewood's Homepage  Reply with Quote
Hi

No you don't have to wait for your house to be sold before going bankrupt.

When you fill in your forms you will need to put in your estimate of the value of the house and the balance owing on the mortgage.

Any shortfall will automatically be included in the bankruptcy

Hope that helps
Edited by - Bridgewood on 22 April 2010 12:23:53
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