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 bankruptcy postbag for august
 Section 4 on SOA
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grantspants
Junior Member

United Kingdom
297 Posts

Posted - 31 August 2008 :  13:30:00  Show Profile  Reply with Quote
Hello peeps

Can anyone tell me what I put in section 4 on the SOA for 'NET OWING'?
I've put the mortgage amount in the 'amount owing' column, is net owing how much the property is currently worth?

This is in the secured part of section 4.

I may be back with other questions too, so please bear with me, want to get it right

Thanks folks

Needafriend
Junior Member

United Kingdom
344 Posts

Posted - 31 August 2008 :  13:31:24  Show Profile  Reply with Quote
Hi Grantspants,
I put what is the balance owing plus any charge for early redemption.
Hope this helps
Jo

"There is light at the end of the tunnel, if you cant find it get a brighter torch"
You can read my blog here:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/

Edited by - Needafriend on 31 August 2008 13:32:01
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