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janni-jan
Starting Member
United Kingdom
18 Posts |
 Posted - 12 January 2009 : 12:39:10
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| we are going bankrupt tomorrow, and are giving up our house, Im well nervy but its the only option, we have found a property to rent, will we have trouble with our references?what is the way forward there? and when we give up our property, which is n negative equity and has a mortgage and a loan on it, who do we send the keys to? we have a car on hp which my husband really needs for work will we be able to keep it do you think?many thanks for your help! |
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joella68
Junior Member
United Kingdom
280 Posts |
Posted - 12 January 2009 : 16:57:22
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hi im not experienced enough to answer your questions, but just wanted to wish you all the best for tomorrow..........hope it goes as smoothly as mine did today !
jo
moving forward to new beginnings |
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coxy
New Member
United Kingdom
63 Posts |
Posted - 12 January 2009 : 17:22:57
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quote:
Originally posted by janni-jan
we are going bankrupt tomorrow, and are giving up our house, Im well nervy but its the only option, we have found a property to rent, will we have trouble with our references?what is the way forward there? and when we give up our property, which is n negative equity and has a mortgage and a loan on it, who do we send the keys to? we have a car on hp which my husband really needs for work will we be able to keep it do you think?many thanks for your help!
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coxy
New Member
United Kingdom
63 Posts |
Posted - 12 January 2009 : 17:43:44
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quote:
Originally posted by coxy
quote:
Originally posted by janni-jan
we are going bankrupt tomorrow, and are giving up our house, Im well nervy but its the only option, we have found a property to rent, will we have trouble with our references?what is the way forward there? and when we give up our property, which is n negative equity and has a mortgage and a loan on it, who do we send the keys to? we have a car on hp which my husband really needs for work will we be able to keep it do you think?many thanks for your help!
apologys in advance if this doesnt come out right [just registered on here] we are in a very similar situation to you when we gave our keys back to the lender we made sure we were safely in a rented property first before telling our lender we were sending keys back we still havent gone bankrupt yet although put the wheels in motion today have enlisted a bankruptcy specalist help though too daunting to go it alone.
its now a year since we moved into rented.
Ive been told if your cars worth £2000 or less and you use it for work you should be allowed to keep it.
Good luck. |
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movin on
Average Member
United Kingdom
946 Posts |
Posted - 12 January 2009 : 20:24:32
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Hi there
I too cannot answer your question, but wanted to wish you lots of luck for tomorrow - it really will be ALOT better than you expect it to be.
Please let us know how you are tomorrow.
Jenny
xx
Onwards and Upwards is the way im going :-0)
From "Moneyworries" to "Movin On" in 3 months is fantastic :-))
xx |
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Reviva UK
Advanced Member
United Kingdom
2452 Posts |
Posted - 12 January 2009 : 22:55:26
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Hi Janni Jan
little worried that you are a little premature for tomorrow.
Do you have any mortgage arrears?
Do you have funds for a deposit for rented accomodation?
If you petition for bankruptcy first then you will definately need a lot more than 1 months deposit. It is usual to not pay the mortgage and secured loan for 3 - 4 months and use these funds to cover the home move.
What car does your husband have and how much is it worth?
If it is worth more than £2000 and you want to keep it you will need to find the different in cash VERY quickly. Otherwise the OR will collect the car and is likely to send you a cheque for £2k to purchase another one.
If however the car is worth under £2k then your husband is fine provided that he needs it for work.
If you need to double check things tonight before your appointment tomorrow I am up till midnight and can be reached via the contact section on the Reviva UK webpage.
I would suggest the Helpline but as they are not available to give advice out of hours so If you need to double check these tonight then i can be contacted via my webpage
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
Real People ..... Real Debt Solutions
www.revivauk.com |
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joella68
Junior Member
United Kingdom
280 Posts |
Posted - 13 January 2009 : 19:18:59
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hey how did it go today ?
jo
moving forward to new beginnings |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 13 January 2009 : 22:41:33
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Hi Jan
Please do update us on how it all went.
Best of luck
Jo
x
Needafriend says:
Just always remember one thing, Your not alone, your not the first and you wont be the last.
23 Weeks down
29 to go
For more info on how i have come through bankruptcy and for links to help with filling out the forms, I&E, Car Valuations, etc, etc, you can read my blog here called:~ Needafriend's Info on Bankruptcy :-)
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
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movin on
Average Member
United Kingdom
946 Posts |
Posted - 14 January 2009 : 09:46:30
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Hey JJ
Hope you are ok ????
Please let us know how you are when you can.
Take care
Jenny
xx
Onwards and Upwards is the way im going :-0)
From "Moneyworries" to "Movin On" in 3 months is fantastic :-))
xx |
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we are going bankrupt tomorrow
