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T O P I C R E V I E W
turborat
Posted - 10 November 2008 : 20:27:05 On Question 3.5 - "Property you have disposed of" it asks at the bottom "Value at which the asset was given away, transferred or sold " ? What shall I put as we just gave it back to the mortgage company?
On "Secured creditors" it asks "Amount Owing" which is fine but then asks "What is its present value"? Owing is whats left but what do I put down for present value? One is mortgage & other is secured loan??
Thanks again!!!
2 L A T E S T R E P L I E S (Newest First)
turborat
Posted - 11 November 2008 : 14:12:52 Thanks Jo!!
Needafriend
Posted - 10 November 2008 : 21:26:36 Hi Turborat
I would say question 3.5 would be the mortgage balance.
Other question would be present value would be either the mortgage balance or if you can get a valuation maybe from other properties like yours up for sale now or the value you think it might have been.
The secured one i would put what the balance is if you dont have that to hand you could estimate and just write a note in section 13.
Thats all i did.
Jo x
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called: Jo's Links and added info on Bankruptcy! http://debtfreejo.blogs.bankruptcyhelp.org.uk/
