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markdhunter50
Starting Member
5 Posts |
 Posted - 23 November 2009 : 13:32:34
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| hi im currently a bankrupt, i went bankrupt with my wife in june, of this year,we did intend to buy the BI in our property as offered by the OR, sadly my wife has now decided to leave me, just as we got ED papers, which i have sent back to the OR,i will not be able to buy the BI now as i can not afford the mortage repayments on my own,so i wish to know if i get the ED before the house is repossed or i hand back the keys will i be liable for any shortfall as house in neg equity, mortage is now 3 months behind and sercurd loan 2 months, the reasons for this partly is i have not paid anything as i need to get a depoisit 2 gather |
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gettingoutofdebt
forum expert
2418 Posts |
Posted - 23 November 2009 : 13:46:16
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| If you are no longer going to purchase the BI then you should let the OR know immediately. The shortfall will only be included in your BR if you hand the property back before you are discharged. |
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debtinfo
forum expert
2826 Posts |
Posted - 24 November 2009 : 23:39:48
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| im afraid this is not correct, as long as you dont sign anything making you liable again, any shortfall will always fall into the bankruptcy asit is a contingent liability |
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| bankruptcyhelp.org.uk Forum |
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hi im currently a bankrupt,
