| Author |
 Topic  |
|
|
got there
Junior Member
United Kingdom
461 Posts |
 Posted - 09 September 2008 : 19:26:10
|
You said previously about putting the mortgage if you stopping making payments in both the secured and unsecured parts of the form so the shortfall is captured. How would you know how much the shortfall is opr would you just put what the figures are currently?
Thanks in advance... |
|
|
John
New Member
United Kingdom
73 Posts |
Posted - 09 September 2008 : 19:45:53
|
Hi
you can put 0 if you want, just need to ensure you write shortfall in the reason for debt column.
As you say, you can't possibly know what the figure is going to be. The OR will have seen this many times before.
www.Bankruptcyhelp.org.uk
0800 078 9367 |
 |
|
|
got there
Junior Member
United Kingdom
461 Posts |
Posted - 09 September 2008 : 19:52:49
|
Thanks John
What figure would you put in your SOA if you were not paying mortgage and waiting for them to reposess, would you put the figure of what it will cost you to rent or put 0 then advise when moved change of circumstances??
Thanks in advance yet again |
|
|
|
Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 09 September 2008 : 20:33:48
|
Hi GT
Sorry just put kids to bed etc so only just got back on.
John has answered that for you, i however wrote the whole value of the mortgage and also the redemption figure as whe i went to type 0 it would not let me.
As for your other question about rent you could leave it blank and just inform the OR when you have yourself sorted.
Hope this helps,
Jo x
"There is light at the end of the tunnel, if you cant find it get a brighter torch"
You can read my updated Needafriend's New Life- A Debt Free One! blog here:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
|
|
|
got there
Junior Member
United Kingdom
461 Posts |
Posted - 09 September 2008 : 20:43:05
|
thanks jo,
I have put the amount owing in the secured part which is £152,000 and house was valued in April at £145,000, so I have put £7000 in the unsecured part of the form is this right?
As regards the rent if I put in a figure of 0 for rent/mort it may well mean i get an IPA but when i have to move into rented it would give me a DI of less than £100 would this be do able to reduce your IPA after the event to possibly 0?
thanks again |
|
|
|
grantspants
Junior Member
United Kingdom
297 Posts |
Posted - 09 September 2008 : 20:43:36
|
Hi folks,
Just read this and was wondering....
I put the mortgage in the unsecured list and added the early repayment charge in too but just wrote 'mortgage on home' in the reason for debt column. I didn't mention shortfall in the reason for debt column.
Will this be a problem? I've already submitted the form and got my court date for the 16th September.
 |
|
|
|
Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 09 September 2008 : 20:46:07
|
Hi GP
Not sure, maybe John can answer that one if not mention it to the OR when you have your interview.
I expect it will all be ok though.
Try not to worry and good luck for the 16th. :-)
Jo x
"There is light at the end of the tunnel, if you cant find it get a brighter torch"
You can read my updated Needafriend's New Life- A Debt Free One! blog here:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
|
|
|
grantspants
Junior Member
United Kingdom
297 Posts |
Posted - 09 September 2008 : 20:52:03
|
Thanks Jo,
Its got to the stage of wondering if I've got everything right, complete with a good dose of apprehension, and a large episode of nerves! be glad when its over  |
|
|
|
John
New Member
United Kingdom
73 Posts |
Posted - 09 September 2008 : 22:03:04
|
Hi
the fact that the property is listed in the unsecured section will be enough to have the shortfall included but I would make a point of explaining your intention at your interview.
www.Bankruptcyhelp.org.uk
0800 078 9367 |
|
|
| |
Topic |
|
Jo... didnt want to hijack another post....
