| T O P I C R E V I E W |
| wildercrazy3 |
Posted - 15 June 2008 : 01:04:27
when we go b/r how long will it be before we will have to leave our homewe have a 2yr old boy
|
| 8 L A T E S T R E P L I E S (Newest First) |
| wildercrazy3 |
Posted - 28 June 2008 : 03:56:39
hello yes but not a lot equity left now due to everything that has happend and no we have not got a third party that can help .we had to cancile all d/d because we cant affordto live started the b/r papers today we went to the councile they turned round and sail cant help because we have made our self homeless then they said we might be ok on the counciles privet rent .. if that no good they said we might have to go on the homeless regester or s/services so at mo it dont look goodquote:
Originally posted by Suzanne
Hi wildercrazy3
Do you have any equity in your property, and do you wish to stay?
This is a falling housing market at the moment, and if you have little or no equity you could have a third party buy the beneficial interest for £1 plus conveyancing costs of around £250.
If you default on the mortgage, with 3 months arrears the bank can apply for repossession and they do not have to give you 12 months grace.
Suzanne Stocker
Bankruptcy Manager
Jones Giles Ltd
|
| Suzanne |
Posted - 25 June 2008 : 09:24:34
Hi wildercrazy3
Do you have any equity in your property, and do you wish to stay?
This is a falling housing market at the moment, and if you have little or no equity you could have a third party buy the beneficial interest for £1 plus conveyancing costs of around £250.
If you default on the mortgage, with 3 months arrears the bank can apply for repossession and they do not have to give you 12 months grace.
Suzanne Stocker
Bankruptcy Manager
Jones Giles Ltd
|
| wildercrazy3 |
Posted - 25 June 2008 : 08:42:55
hello we have had a go at selling our house since november to try and clear debts no good sales have fallen through 4 times since now been to the c,a,b and had a few meetings and the outcome is i will have to go b/r .. we have now taken house of the market because i have applied 4 b/r forms to be sent that was 2 days ago ,, the mortgage is due in a few dquote:
Originally posted by JulianDonnelly
Hi Wildercrazy.
What is the situation rgarding the property? Don't automatically assume that you will lose the property in BR, as it's often not the case!
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
|
| JulianDonnelly |
Posted - 21 June 2008 : 13:56:58
Hi Wildercrazy.
What is the situation rgarding the property? Don't automatically assume that you will lose the property in BR, as it's often not the case!
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
| melanie_giles |
Posted - 21 June 2008 : 11:16:33
Of course you can. Even the Official Reciever recognises that people deserve a break from work for a modest family holiday.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
| wildercrazy3 |
Posted - 21 June 2008 : 07:56:44
thanks for answer been back for another meet about b/r in the meeting we asked weather i was still allowed to try and save for us to go on holiday in which i would be doing overtime and they said no you would not be able to is there any way i can put a little aside for this
|
| melanie_giles |
Posted - 15 June 2008 : 13:51:16
You will have the first year's grace to make alternative living arrangements, after which the Trustee can commence bankruptcy proceedings - but this is only likely if you have equity in your property.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
| m and v |
Posted - 15 June 2008 : 09:53:47
Hi wildercrazy3 - welcome to the forum
One of the BR assist experts will be on line soon to advise you on this matter.
I'm afraid I didn't own a property when I went BR.
Hang in there - one will be online soon.
Vicki x |
