Hi, looking to go bankrupt shortly. We currently have a mortgage but have just found a rental property that we can move into in preperation for going bankrupt. My question is other than reading the newspaper is there any way my new landlord would find out about my impending bankrupcy ? We did not tell him we were planning to go bankrupt although we told him we had some credit issues but he waived the credit check.
Also the rental property in question is a nice detached three bedroom house with double garage. This will cost £675 per month.There are cheaper properties available in the area but we do have 2 kids ( 12,14) and this property was one of only a couple that would take our dogs. Would the OR take issue with the amount of rent and want us to find cheaper ?
Firstly, most bankruptcies are no longer placed in the local newspaper since April 2009 (still goes in the london gazette though). If the tenancy starts before the bankruptcy the OR will most probably (though not always) write to your landlord.
As regards the cost, i have seen much higher ones for a 3 bedroom property which it seems that you need. Is this about average for a 3 bedroom property in your area
Oh dear so my new landlord will probably find out then and I'm going to have to admit to lying to him. Is there any reason for this to bother him apart from the fact that I've lied to him ? it's not going to effect him in any way is it ?
House is certainly not overpriced for what it is but there are three bedroomed terraced houses in the area for less however they are not really suitable for our pets and we couldn't find any that would take them anyway.
The landlord won't necessarily be contacted by the OR especially if you are moving into the property so close to declaring BR.
The only reason the OR contacts the landlord is to establish whether the rental payments are up to date so if you only move in within a month or two of declaring BR then the OR may not bother contacting the landlord.
You can also mention to the OR that you don't want the landlord to be contacted. This doesn't mean that the OR won't contact them but I asked for my landlord not to be contacted and they haven't contacted him. I provided a copy of the rental agreement to the OR and they could see from my bank statements that the rent was up to date.
Just to add, if the landlord does ask it might be worth adding that whilst you were struggling before bankruptcy means that you have more cash available and so it is much easier for you to pay the rent
Also the OR is not going to go to court over a few hundred pounds, There are all sorts of criteria before they can chuck someone out of a home. Maybe if you were paying £2,000pm they might try but not for what you are paying
I've not made a repayment in 4 months now and the mortgage company is starting the process of repossesion.I understand I could 'hand it back' to avoid hastle and I might do that yet once I'm in the rental property.
I have been told that if I went bankrupt before it was repossesed that I could live in it for some time but I'd really rather just make a new start. I'm not sure if what I'm doing has any implications in my bankrupcy but tbh I just intend to plead ignorance / insanity!
Hi, looking to go bankrupt shortly.
Posted - 20 September 2009 : 10:20:34
