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
 My son has a joint mortgage with his ex-partner		  New Topic  Reply to Topic
 Printer Friendly
Author Previous Topic Topic Next Topic  

Ray.13
Starting Member



1 Posts
Posted - 29 December 2010 :  17:49:45  Show Profile  Visit Ray.13's Homepage  Reply with Quote
My son has a joint mortgage with his ex-partner but has moved out and can't afford to pay his half of the mortgage. The house is in negative equity. If he went for bankruptcy, what would happen re the house and what would he be expected to pay for?
I think she would like to stay in the house but she probably can't afford the whole mortgage etc. Don't know if the mortgage company would be willing to allow her to take on the whole mortgage.
Edited by - Ray.13 on 29 December 2010 18:25:49

Viki.W
forum expert



United Kingdom
2211 Posts
Posted - 29 December 2010 :  17:53:14  Show Profile  Reply with Quote
Hi Ray, welcome to the forum.

Does his ex-partner want to stay in the property?

Can his ex-partner afford to pay the full mortgage monthly payment on her/his own?



Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Please read my experience of debt via my blog at http://vikiw.blogs.iva.co.uk/
Go to Top of Page

Viki.W
forum expert



United Kingdom
2211 Posts
Posted - 30 December 2010 :  12:02:23  Show Profile  Reply with Quote
Hi Ray,

Sorry I didn't see your reply on the end of your post.

Your son wouldn't be able to help towards the mortgage if he's not living there and he declares bankruptcy.

I would suggest to your son that he chats to an expert on here or visits the CAB to see what options are available to him, and also for his ex.

Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Please read my experience of debt via my blog at http://vikiw.blogs.iva.co.uk/
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