If someone goes bankrupt and a relative buys the BI does this mean that any mortgage in existence on the property continues to be paid by the bankrupt?
I have to agree with M&M on this one. In no way shape or form does the person buying the BI have a legal right to pay the mortgage or have any other right on the mortgage, the payments are still the responsibilty of the bankruptee.
Jo x
19 Weeks down
33 to go
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called: Needafriend's Info on Bankruptcy :-) http://debtfreejo.blogs.bankruptcyhelp.org.uk/ Needafriend says: Live life to the full, take life by the horns and live a little, otherwise life would be so boring!
General Query - Beneficial Interest
Posted - 17 December 2008 : 13:12:58
