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 Business with residential property
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Alnoor
Starting Member



2 Posts

Posted - 05 January 2011 :  22:42:42  Show Profile  Visit Alnoor's Homepage  Reply with Quote
BUISNESS WITH RESIDENTIAL PROP
200K SECURED COMM LOAN AND 56K MORT .CAN THEY REPOSSES WHOLE PROP EVEN IF I HAVE KEPT UP WITH 56K MORTG PAYMENTS BUT NOT THE 200K COMMERCIAL PAYMNTS?

Bigal4787
forum expert



United Kingdom
641 Posts

Posted - 05 January 2011 :  23:07:26  Show Profile  Reply with Quote
Hi Alnoor and welcome to the forum,
It just depends upon what's happening. Are you declaring yourself bankrupt, or are you being declared bankrupt by a creditor, or do you have a company that is being wound up?


Big Al
Insolvency examiner with the Insolvency service from April 2008 - July 2010.

If you need help completing SOA's(statement of affairs) or PIQ's(preliminary information questionnaire) if you've been declared bankrupt, or anything else and you're within 30 miles or so of Warrington, then please contact me via my contact details in the expert page for futher details"
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