| T O P I C R E V I E W |
| chris45 |
Posted - 24 January 2009 : 09:55:34
i was declared bankrupt on the 16th jan but i have still not heard from the or and i keep getting calls from first plus who i have a secured loan with that i stopped paying in jan telling me i am legally still liable to make the payment if i am bankrupt or not do i need to take legal advice or ignore this for now? |
| 6 L A T E S T R E P L I E S (Newest First) |
| coxy |
Posted - 24 January 2009 : 18:41:36
HI Chris
If you intend leaving the house could you not stop paying first plus so as to get your deposit together sooner.
Unless you change your phone number this company will hound you as much as they can we had phone calls up to 6 times a day + text messages even on sundays.
I was advised to tell them we were struggling it was the worst thing i ever done, put interest up 2%
they also mis sold us a payment protection policy which they added to the loan at the beginning then charge interest on, insurance was for 5 years i later found we were suppossed to take another one out every 5 years we later took case to FSA which we won.
Dont let them bully you they will come out with all sorts they once asked us if we could take a family member to cashpoint for our monthly payment.
A debt counsellor once said to me [How these cowboys are still being allowed to trade is beyond me] Her words not mine.
Dont get me started on these we could write a book.
good luck. |
| movin on |
Posted - 24 January 2009 : 17:37:13
Hi Chris and welcome to the forum
Congratulations on becoming on of 'US' 
You will get lots of friendly advice on this site to please stick around
Jenny
xx
Onwards and Upwards is the way im going :-0)
From "Moneyworries" to "Movin On" in 3 months is fantastic :-))
xx |
| chris45 |
Posted - 24 January 2009 : 15:47:08
[quote]Originally posted by Reviva UK
HI
IF YOU INTEND TO REMAIN IN THE HOUSE THEN YOU ARE LIABLE FOR THE LOANS AND REPAYMENTS OF THE MORTGAGE AND ANY SECURED LOANS.
IF YOU HAVE DECIDED TO SURRENDER THE PROPERTY THEN THE PROPERTY WILL EVENTUALLY BE SOLD AND ANY SHORTFALL ON THE MORTGAGE AND SECOND CHARGE WILL BECOME UNSECURED AND THEN BE INCLUDED IN YOUR BR.
ARE YOU STAYING IN THE HOUSE, HAVE YOU ANYT EQUITY OR HAVE YOU ALREADY LEFT?
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
Real People ..... Real Debt Solutions
www.revivauk.com
the house is in negative equaty and we intend to leave it but we are unable to at the moment due to needing a six month deposit to rent privately and the coouncil will not help until we have a eviction notice.
|
| Reviva UK |
Posted - 24 January 2009 : 12:20:46
HI
IF YOU INTEND TO REMAIN IN THE HOUSE THEN YOU ARE LIABLE FOR THE LOANS AND REPAYMENTS OF THE MORTGAGE AND ANY SECURED LOANS.
IF YOU HAVE DECIDED TO SURRENDER THE PROPERTY THEN THE PROPERTY WILL EVENTUALLY BE SOLD AND ANY SHORTFALL ON THE MORTGAGE AND SECOND CHARGE WILL BECOME UNSECURED AND THEN BE INCLUDED IN YOUR BR.
ARE YOU STAYING IN THE HOUSE, HAVE YOU ANYT EQUITY OR HAVE YOU ALREADY LEFT?
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
Real People ..... Real Debt Solutions
www.revivauk.com |
| John |
Posted - 24 January 2009 : 11:10:03
Hi
you are still legally liable for the First Plus payments as secured borrowings are, for the most part anyway, excluded in bankruptcy.
www.Bankruptcyhelp.org.uk
0800 078 9367 |
| harbourmaster |
Posted - 24 January 2009 : 10:24:22
[green][i][b]Hi Chris
Sorry, got this one toltaly wrong |
