Hi everyone, I am looking for some advice. I was sequestrated just over 2 years ago - I only found out 14 months after it happened. I was sequestrated by a builder whom I pulled out of a house sale the lender increased the deposit required and I didn't have the difference. This happened 4 years ago - I didn't,t receive a single peace of correspondence from the builder/ solicitor until I got a letter just over a year ago. The solicitors emailed to say that the only asset I have - a house was in negative equity and was of no interest to them and to sign it back t me I had to send £500.
I have still not done anything about this as the house is rented out the tenant is a poor payer and I couldn't justify spending anymore money on the house that is in massive negative equity! My point is my credit rating is destroyed through no fault of my own as I am a registered bankrupt (although the bankruptcy isn't showing up on my credit file at my own address).
My point is this - I believe I cannot sell this property even if it wasn't in negative equity as I have not had the house signed back to me. The tenant is not paying the rent - it is a massive stress finding the money/ chasing the rent and I am pregnant for a house I don,t own. My question is if I stop paying the rent and ask for reposession what will happen. Can they bankrupt me again? Will I have to pay the shortfall once the sell it.
Sorry for the long winded story but I am stuck and very depressed about the whole mess. The only debt/credit I have is a credit card with my bank and a good joint account with bank that has so far been unaffected and would prefer it to stay this way. Please advise and very grateful in advance!
Hi everyone, I am looking for some advice.
Posted - 08 May 2012 : 00:17:47
