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T O P I C R E V I E W
jaynemit61
Posted - 04 August 2010 : 23:09:12 MY house is under a repossession order at present. Kensington Mortgages today called me and said that they could offer me an assisted move scheme, whereby we both agree a price to sell my house for and we can stay in it until it is sold, paying a nominal amount each month. I have to sign a form to say that I am liable for any shortfall. I know that there will be a shortfall as we would never get the market price for it as the will require a quick sell. My question is when I went to the CAB they said as soon as my house is sold the mortgage company will come after me for the shortfall and I should then go bankrupt. Would I still be able to do this is if I sign the document from the building society.
1 L A T E S T R E P L I E S (Newest First)
Bridgewood
Posted - 05 August 2010 : 12:18:03 Hi Jaynemit61
I think the short answer is yes.
If you sign something to confirm you owe a debt, and then go bankrupt, the debt is a claim in your bankruptcy, and they cannot pursue you for it.
I do not see how Kensington could pursue you for this after your bankruptcy.
Good luck
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