•Bankruptcy Information Center
•What is Bankruptcy?
•Is Bankruptcy right for me?

•How to declare Bankruptcy?
•What happens to my assets?
•Bankruptcy and credit rating


•Bankruptcy News

Media Room:
•Press releases
•Media Coverage

•About BankruptcyHelp
•Contact us
•Debt Glossary
•Insolvency jobs

  > Browse and post on our forum
Home   |   Profile   |   Register   |   Active Topics   |   Members   |   Search   |   FAQ

Welcome to our Forum, please register if you want to post
Ask a debt question
See the last 250 posts
Watch video on how to use forum

Save Password
Forgot your Password?

 All Forums
 Forum Questions
 What happens to buy to let properties in negative equity in bankruptcy ?
 New Topic  Reply to Topic
 Printer Friendly
Author Previous Topic Topic Next Topic  

Starting Member

1 Posts

Posted - 18 February 2014 :  14:38:56  Show Profile  Visit Steve.mt's Homepage  Reply with Quote
What happens to buy to let properties in negative equity in BR - My partner has been offered my interest in our portfolio of properties by the trustee in bankruptcy for £46000.00, however we have valued them and they are all in negative equity - What happens if we offer a nominal £1.00 and what happens to the properties if we do not buy the trustees interest

forum expert

United Kingdom
2211 Posts

Posted - 18 February 2014 :  15:09:37  Show Profile  Reply with Quote
Hi Steve,

The OR would usually collect your share of the rent, regardless of whether your properties are in negative equity. There is also no timescale for the trustee to deal with them.

Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Go to Top of Page
  Previous Topic Topic Next Topic  

 New Topic  Reply to Topic
 Printer Friendly
Jump To:
bankruptcyhelp.org.uk Forum © bankruptcyhelp Go To Top Of Page
Powered By: Snitz Forums 2000 Version 3.4.06