We are planning on going BR in 2 weeks. We have missed 1 month creditors and 1 months mortgage. When we go BR if we continue to not pay the mortgage until we go into rental (mid December) will we be able to save that mortgage money for removals and 1st months rent or will the OR take it off us???
I really hope someone can answer this, we do not know what to do for the best we want to go BR sooner rather than later as we could not cope with people knocking the door, but we do not want to shoot ourselves in the foot and we need to get removal money from somewhere.
I think from what i have read that it should be fine with the OR as they know you will need the money for rental etc and as long as you explain i dont really see it becoming an issue.
Thats how i understand it.
Take Care
Jo x Your Mother Hen :-)
Please visit my blog for info on how I got here and other information to guide you through from my experience called:
"Mother Hen's New Debt Free Life with Links and added info on Bankruptcy!" available to view at:
Thanks for such a quick response - I will hopeully get some sleep tonight!!!! As soon as I sit down my mind starts working overtime and I statr to panic!!!!
Just have a nice bath, relax and try not to PANIC as you say. I know its easy for me to say to you as i have been there done that but honestly its not as bad as you think. You just take care. LOL
Jo x Your Mother Hen :-)
Please visit my blog for info on how I got here and other information to guide you through from my experience called:
"Mother Hen's New Debt Free Life with Links and added info on Bankruptcy!" available to view at:
BR Mortgage Savings OR ?????????
Posted - 07 October 2008 : 21:44:55
we want to go BR sooner rather than later as we could not cope with people knocking the door, but we do not want to shoot ourselves in the foot and we need to get removal money from somewhere.
