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 I'm going through bankruptcy at the moment
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Starting Member

1 Posts

Posted - 19 November 2015 :  17:35:31  Show Profile  Visit Andy.39's Homepage  Reply with Quote
hi there im going through bankruptcy at the moment.the trustee is just tealising my equity in my jointly owned home.is it likely that my existing mortgage lender would remortgage me for the debt i owe or is that impossible because im a declared bankrupt.thks for your help just trying to keep my home


United Kingdom
4590 Posts

Posted - 19 November 2015 :  18:17:13  Show Profile  Reply with Quote
Hi and welcome,

I very much doubt that you could remortgage or that your current company would touch you. If you have a lot of equity in your home then you may well lose it. The OR has two years and three months in which to sort out your house.

I do feel for you but I'm afraid the creditors will want back as much as they can.

The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant

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forum expert

United Kingdom
2211 Posts

Posted - 19 November 2015 :  19:59:53  Show Profile  Reply with Quote
Hi Andy,

How much debt do you have and how much equity is in your home?

When were you declared bankrupt?

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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