HOME  FORUM  MEDIA  EVENTS  ARTICLES  TV  BLOGS
•Home
Bankruptcy:
•Bankruptcy Information Center
•What is Bankruptcy?
•Is Bankruptcy right for me?

•How to declare Bankruptcy?
•What happens to my assets?
•Bankruptcy and credit rating

Forum:
•forum
•register
•search
•faq
•experts

Blogs:
•Bankruptcy News
•More...

Media Room:
•Press releases
•Media Coverage

Other:
•About BankruptcyHelp
•Links
•Contact us
•Debt Glossary
•Insolvency jobs


FORUM
  > Browse and post on our forum
Home   |   Profile   |   Register   |   Active Topics   |   Members   |   Search   |   FAQ

Welcome to our Forum, please register if you want to post
Ask a debt question
See the last 250 posts
Watch video on how to use forum
Username:
Password:

Save Password
Forgot your Password?

 All Forums
 archive
 Forum Questions
 Handing back the keys
 New Topic  Reply to Topic
 Printer Friendly
Author Previous Topic Topic Next Topic  

Hutch
Starting Member



25 Posts

Posted - 11 September 2010 :  14:20:12  Show Profile  Reply with Quote
My husband and I are planning on filing for BR next week and we will be handing back the keys on our property to the OR. It is a leasehold property and each year we are billed by the freeholder for ground rent, service charge and buildings insurance. We usually receive this bill at the start of the year.

My question is, if we walk away from the property, do we need to include this bill (which we expect to receive in January) on the Statement of Affairs making our Freeholder one of our creditors so that this bill is included in the BR or are we still liable to pay it to keep the buildings insurance up to date until the property is sold by the OR/mortgage company?

Hutch
Starting Member



25 Posts

Posted - 13 September 2010 :  10:16:19  Show Profile  Reply with Quote
Hi,

Can anyone provide any advice on this? We are due to file for BR on Wednesday and want to include this as a debt in the SOA if that is appropriate.

Thanks.
Go to Top of Page

gettingoutofdebt
forum expert



2418 Posts

Posted - 13 September 2010 :  11:56:14  Show Profile  Reply with Quote
You should be able to include the charges up to your BR date in your BR. Put the debt in your SOA and then mention it to the OR during your interview.
Go to Top of Page

Reviva UK
Advanced Member

United Kingdom
2452 Posts

Posted - 13 September 2010 :  12:50:49  Show Profile  Reply with Quote
It would be good to formally hand back - and have the mortgage company accept the keys before the Br .

The OR doesn't want the keys but rather any equity in the property.

Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com
08454 751 851

Real People ..... Real Debt Solutions
Go to Top of Page
  Previous Topic Topic Next Topic  

 New Topic  Reply to Topic
 Printer Friendly
Jump To:
bankruptcyhelp.org.uk Forum © bankruptcyhelp Go To Top Of Page
Powered By: Snitz Forums 2000 Version 3.4.06