My wife and I went BR last year, myself in June her in September, in November last year, we voluntry let the Northern Rock repossess our home, they have sold it for less than we paid for it, and we have today had a letter from a debt collection agency demanding that we pay over £22,000 due to the shortfall.
Should this not be covered by the bankruptcies, or are we going to have to pay it?
If you put the details on the SOA then the shortfall will be included in the BR. Forward the letter to the OR/RTLU and they will contact the debt collection agency.
Hello delboy Just wondered because you went bankrupt before the house was repossesed, would this mean that the house shortfall wuld not be included in the BR???
Shortfall after home sold
Posted - 09 July 2009 : 14:15:09
