Secured lending is exempt from bankruptcy, so it will only be reposessed by the mortgage company if you fall significantly in arrears with the mortgage. The OR/Trustee will only look at a forced sale if there is a reasonable amount of equity in the property.
Julian Donnelly Spokesperson for www.Bankruptcyhelp.org.uk Don't forget the helpline on 0800 078 9367
will my home have to be sold or repossed
Posted - 23 December 2008 : 00:24:53
