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Will mortgage company make me bankrupt after repossession ?

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Colin.09
Starting Member

2 Posts

Posted - 30 March 2012 : 22:24:21

my house was repossessed and sold for 200k less than my mortgage, i have no assets and am on working tax credits, will the mortgage company make me bankrupt, or should i apply myself?

Viki.W
forum expert

United Kingdom
2211 Posts

Posted - 31 March 2012 : 06:55:46

They may make you bankrupt, but if it's recently happened, it's unlikely they would do it immediately.

I suggest you speak to an expert on here to chat through everything.

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/

Edited by - Viki.W on 31 March 2012 06:56:13

Colin.09
Starting Member

2 Posts

Posted - 31 March 2012 : 10:47:01

thankyou for the advice, I may well contact you in the near future.

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