That is unlikely. The OR will most likely invite you to find a friend or family member to acquire his interest in your property for a nominal sum of £1 plus the legal cost of effecting the transaction which are estimated at approximately £250. This effectively takes the property out of the bankruptcy, in the event that it were to increase in value over the next couple of years.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com
will our house in negative equity be sold?
Posted - 23 June 2008 : 00:03:58
