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 bankruptcy postbag for july
 Secured loans

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T O P I C    R E V I E W
Moneystinks Posted - 03 July 2008 : 19:59:20
If you have a loan secured on your property and file for BR what happens to the secured loan?


Marie
2   L A T E S T    R E P L I E S    (Newest First)
JulianDonnelly Posted - 04 July 2008 : 17:17:10
Great advice once again Paul.

Regards

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Reviva UK Posted - 03 July 2008 : 23:22:33
It stays secured on the house.

It only gets written off if the house is handed back and any shortfall not covered by the sale becomes unsecured and therefore covered by the Br.

Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
www.revivauk.com

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