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 If I declare bankruptcy will my house be taken off me ?
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Helen.mg
Starting Member



1 Posts

Posted - 04 December 2013 :  14:00:04  Show Profile  Visit Helen.mg's Homepage  Reply with Quote
If I declare bankruptcy will my house be taken of me n sold to pay debt

Niobe
Administrator



United Kingdom
4590 Posts

Posted - 04 December 2013 :  14:26:18  Show Profile  Reply with Quote
Hi and welcome to the forum.

Can you give us some more details? The loss of your house will depend on the value and how much equity is in it and how much your debts are. The Official Receiver can keep an interest in it for two years and three months.

Is it jointly owned?

I suggest you speak to an expert - either visit one who posts on here or speak to the CAB for some free initial advice.



The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant


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Blackie
forum expert



United Kingdom
565 Posts

Posted - 04 January 2014 :  16:47:08  Show Profile  Visit Blackie's Homepage  Reply with Quote
Niobe is right! It is not simply a case of yes he will or no he will not. Several factors have to be taken into account.

Please do take professional advise before making yourself bankrupt as there is no going back once you have declared bankrupty.

For help and advice on the easiest and most effective way to a debt free future, please telephone me on FREEPHONE 0800 298 0253
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Niobe
Administrator



United Kingdom
4590 Posts

Posted - 04 January 2014 :  16:56:23  Show Profile  Reply with Quote
Nice to see you back Blackie - I hope you are well.

The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant


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Viki.W
forum expert



United Kingdom
2211 Posts

Posted - 06 January 2014 :  07:11:05  Show Profile  Reply with Quote
Hi Helen,

As the other posters have said, you really need to seek expert advice as to what will happen, and also to all your options.

Hi Blackie from me also! Long time no see!

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
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Blackie
forum expert



United Kingdom
565 Posts

Posted - 12 January 2014 :  11:28:41  Show Profile  Visit Blackie's Homepage  Reply with Quote
Whilst waiting for Helen.mg to reply, I would like to thank Viki.W and Niobe for their kind sentiments although I am sure that you coped admirably without me. LOL. Let's give out combined best shots for 2014!

For help and advice on the easiest and most effective way to a debt free future, please telephone me on FREEPHONE 0800 298 0253
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Niobe
Administrator



United Kingdom
4590 Posts

Posted - 12 January 2014 :  11:38:19  Show Profile  Reply with Quote
I'm sure we can do that!

The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant


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