My house is in negative equity (£45k) and I was discharged from bankruptcy on 5th Feb 2011. I signed an IPA for £60 per month in Dec 2010 but my IP is now applying to court for an IPO of £400 per month saying my mortgage payments are too high. Nothing has changed since I signed the IPA. I have asked if I can buy the BI but he has said that he will sell it to me for the value of the IPO application of £14,400 and to carry on with the IPA. Can the IP apply for an IPO after I signed an IPO and I have been discharged? Also, is he allowed to ask for the total of IPO in exchange for the BI?
My house is in negative equity (£45k)
Posted - 25 February 2011 : 09:57:59
