I was hoping someone could help me with this query. I have an appointment on the 16 June at County Court to hand in my bankruptcy forms. The only debt I have is my mortgage and secured loan. I have a tenant in my flat who has stopped paying in the last month. He is on two months notice and moves out on the 7th July. My question is if I go to court on the 16 June will they want to take the keys and cease the flat immediately? Or will they wait until the 7th July when the tenant moves out? I am wondering if I should move my court date to a month later as I am only one month is arrears with the loan and the mortgage. I would really appreciate it if someone could assist me with this. Many thanks again to everyone on this forum it has been so helpful.x
as has been said the OR will take your interest in the property but not the keys. I would go to court and then send the keys back recorded delaivery to your mortgage provider with a letter saying you are surrendering the property here are the keys. do not sign any forms that they send you as there is normally a small print clause that states you will accept any shortfall even after BR
Dave
Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.(Baz Lurhman) RevivaUK and Paul Johns helped me through it all i can't recommend them enough!!
Thank you so much guys, I really appreciate your replies. Have a great weekend.
quote:Originally posted by chester2005
as has been said the OR will take your interest in the property but not the keys. I would go to court and then send the keys back recorded delaivery to your mortgage provider with a letter saying you are surrendering the property here are the keys. do not sign any forms that they send you as there is normally a small print clause that states you will accept any shortfall even after BR
Dave
Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.(Baz Lurhman) RevivaUK and Paul Johns helped me through it all i can't recommend them enough!!
It is imperative that you get advice quickly, speak to one of the experts on the left hand side. I dont think that the bankruptyc will be accepted as you have no unsecured debts that are due and unable to be paid. The only debts that you do have are secured on the property at the moment
It is pointless going to court as the court cannot deal with any secured debts therefore you cannot meet the criteria set out in bankruptcy of not being able to pay your debts because you have none.
Thanks everyone, I have taken advice - loads, and I am able to go bankrupt as long as I advise the mortgage company I am vountary surrendering my mortgage etc. The load is unsecured and for 29K, so all covered.
quote:Originally posted by Daniel Griffiths
Hi
It is pointless going to court as the court cannot deal with any secured debts therefore you cannot meet the criteria set out in bankruptcy of not being able to pay your debts because you have none.
Help on BR/Tenant in flat
Posted - 04 June 2010 : 09:48:39
