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T O P I C R E V I E W
Bernice.hn
Posted - 22 October 2010 : 06:20:09 i have equity in my home of around 25000, what happens if the house does not sell, during my bankruptcy.
1 L A T E S T R E P L I E S (Newest First)
Blackie
Posted - 22 October 2010 : 08:17:39 Hiya Bernice
If the Official Receiver can make money out of your house to help pay the creditors and defray his costs, he will make sure the house sells. He can keep an interest in the property for three years and if, after that, it has not sold, the ownership reverts back to you.
