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
 Forum Questions
 We were made bankrupt in 2007 we have received a l		  New Topic  Reply to Topic
 Printer Friendly
Author Previous Topic Topic Next Topic  

elizabeth_w
Starting Member



1 Posts
Posted - 14 February 2009 :  13:22:13  Show Profile  Visit elizabeth_w's Homepage  Reply with Quote
We were made bankrupt in 2007 we have received a letter saying that the beneficial interest in our property is £9000.00 if my son purchases this does it mean he has to pay any outstanding mortage and other finance attached to the property or does he purchase the property for the £9000.00

John
New Member



United Kingdom
73 Posts
Posted - 14 February 2009 :  13:56:23  Show Profile  Reply with Quote
Hi

the £9000 is adjudged your interest in the property and must be paid to the OR, perhaps by your son, for you to retain it.

The mortgage and any other loans secured against the property will remain your liability as, therefore, will the repayments.

timendi causa est nescire
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