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 Mortgage and secured loan arrears payments
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Blair
Starting Member

27 Posts

Posted - 30 November 2009 :  14:42:48  Show Profile  Reply with Quote
Hi all,

Can you please help. If we are in arrears with mortgage and secured loan by a few months but come to an arrangement to repay the arrears, adding onto our monthly usual payments for the next 8 months, but go bankrupt now, will the OR allow these additional payments for the 8 months and can we still buy back the BI (house in negative equity) Thanks

RHB
Senior Member

1159 Posts

Posted - 30 November 2009 :  16:03:04  Show Profile  Reply with Quote
It might have to come out of any disposable income you have.
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Blair
Starting Member

27 Posts

Posted - 01 December 2009 :  09:27:28  Show Profile  Reply with Quote
Thanks, so does that mean that I don't have to be up to date with my mortgage payments or secured loans payments before I declare bankruptcy?
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chester2005
Average Member



United Kingdom
786 Posts

Posted - 01 December 2009 :  11:10:20  Show Profile  Reply with Quote
you can quite happily be in arrears when you declare BR and pay for these arrears out of your DI as you wish


Dave

Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.(Baz Lurman)
RevivaUK helped me through it all i can't recommend them enough!!
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