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 i went bankrupt in 2008
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crawfo
Starting Member

United Kingdom
4 Posts

Posted - 26 October 2009 :  17:09:22  Show Profile  Reply with Quote
i went bankrupt in 2008 ,i am now discharged and in the process of buying back my property from the or for £1. just before i went bankrupt i signed a second mortgage on my property , because it wasnt registered before i went bankrupt the or turned it into an unsecured debt. i find out now that the second mortgage has been submitted . is this possible.

RHB
Senior Member

1159 Posts

Posted - 26 October 2009 :  17:53:01  Show Profile  Reply with Quote
Is your property still in negative equity without the secured loan on it?
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crawfo
Starting Member

United Kingdom
4 Posts

Posted - 26 October 2009 :  19:44:03  Show Profile  Reply with Quote
quote:
Originally posted by RHB

Is your property still in negative equity without the secured loan on it?

yes it is still in negative equity with the first mortgage
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debtinfo
forum expert



2826 Posts

Posted - 26 October 2009 :  21:08:34  Show Profile  Reply with Quote
They have a period of time to register the charge, not sure how long it is
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wellerchic
wellerchic



135 Posts

Posted - 26 October 2009 :  21:29:33  Show Profile  Reply with Quote
Hi

How long have you been discharged, I thought you had to buy the Ben Interest before the year of BR was up.
Can the OR contact after discharge to offer this?

Gill x

There is light at the end of the tunnel, I can actually see it !!!!
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RHB
Senior Member

1159 Posts

Posted - 27 October 2009 :  07:30:36  Show Profile  Reply with Quote
If you signed for a secured loan i don't see how the OR could turn it into an unsecured one unless you didn't keep the property. Did you always intend to purchhase the BI?
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