HOME  FORUM  MEDIA  EVENTS  ARTICLES  TV  BLOGS
•Home
Bankruptcy:
•Bankruptcy Information Center
•What is Bankruptcy?
•Is Bankruptcy right for me?

•How to declare Bankruptcy?
•What happens to my assets?
•Bankruptcy and credit rating

Forum:
•forum
•register
•search
•faq
•experts

Blogs:
•Bankruptcy News
•More...

Media Room:
•Press releases
•Media Coverage

Other:
•About BankruptcyHelp
•Links
•Contact us
•Debt Glossary
•Insolvency jobs


FORUM
  > Browse and post on our forum
Home   |   Profile   |   Register   |   Active Topics   |   Members   |   Search   |   FAQ

Welcome to our Forum, please register if you want to post
Ask a debt question
See the last 250 posts
Watch video on how to use forum
Username:
Password:

Save Password
Forgot your Password?

 All Forums
 archive
 bankruptcy postbag for august
 Can I take money from the mortgage account?
 New Topic  Reply to Topic
 Printer Friendly
Author Previous Topic Topic Next Topic  

flexaccount
Starting Member

United Kingdom
44 Posts

Posted - 23 September 2008 :  11:16:26  Show Profile  Reply with Quote
My wife is considering going bankrupt in the near future. We do have equity in the house, but not enough to clear the debt. We have a flexible mortgage with a cheque book & in the past my wife has taken money from this for her own personal use. I thought that this would be taken into account when calculating her share of the equity in the house, but apparently not as it is shared debt. My question is whether I can also withdraw money from the mortgage account into my own savings account thereby reducing the total equity in house or will my wife have to account for this money if she goes bankrupt?

JulianDonnelly
Junior Member



United Kingdom
325 Posts

Posted - 23 September 2008 :  11:52:25  Show Profile  Visit JulianDonnelly's Homepage  Reply with Quote
Hi Flexaccount and welcome to the forum.

With equity in the property, you actually have a number of options. Please call the helpline where one of my colleagues will be only too happy to discuss your options with you.

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367
Go to Top of Page
  Previous Topic Topic Next Topic  

 New Topic  Reply to Topic
 Printer Friendly
Jump To:
bankruptcyhelp.org.uk Forum © bankruptcyhelp Go To Top Of Page
Powered By: Snitz Forums 2000 Version 3.4.06