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 I am considering bankruptcy (can no longer afford payments to IVA)
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Starting Member

12 Posts

Posted - 29 June 2015 :  19:37:57  Show Profile  Visit Loz.55's Homepage  Reply with Quote
I am considering bankruptcy (can no longer afford payments to IVA). My main worry is that I rent from my ex, I have an AST. I'd like to move but don't have a deposit or rent in advance, let alone my dodgy credit rating.
My question is about beneficial interest in the property, would the OR decide that I have? I've no idea of how much the mortgage is or if there is any equity. Can anyone offer any advice please?

forum expert

United Kingdom
2211 Posts

Posted - 29 June 2015 :  19:46:04  Show Profile  Reply with Quote
Hi Loz,

If you've not contributed to the property financially at all, then you won't have a beneficial interest.

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
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