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T O P I C R E V I E W
kelp
Posted - 27 May 2010 : 15:17:28 I was made bankrupt on Nov 2008. I am now discharged.
I am still in my home as the OR have had it valued at the beginning of the bankruptcy....Negative equity.
Ive had heard nothing since.
Anyway i have two equitable charges from Natwest and Mortgage Express on my home property.
Natwest before i was made bankrupt and Mortgage express after. However the Mortage Express was a B2L property which was repossessed before i was made bankrupt and sold on with a deficit before Nov 08.
I would like know if these charges get removed as i was bankrupt? If so how?
If not, then what implications does this have on my property?
Many Thanks in advance
3 L A T E S T R E P L I E S (Newest First)
debtinfo
Posted - 27 May 2010 : 16:57:57 no, if they got there first and got a final charging order before the bankruptcy order than the debt will always have the potentil to be paid out of any sale proceeds
kelp
Posted - 27 May 2010 : 16:23:34 Thanks....
The natwest was credit card debts and a personal loan.
Obviously that went into the BO.
Can that Equitable Charge for that be taken off as well on the title deeds.
chester2005
Posted - 27 May 2010 : 16:01:00 welcome to the forum the charges made before BR will stand and will have to be paid when the house is sold any charge made after BR for a debt pre BR is invalid and if you forward a copy of your BO to the land registry with a copy of the charging order they will have it removed.
Dave
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