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T O P I C R E V I E W
lar
Posted - 11 February 2009 : 21:57:00 i am thinking going bankrupt together we owe 50000 pounds.we have a joint mortgage in a shared ownership house.is there any way that we can keep our house if we go bankrupt.thanks
1 L A T E S T R E P L I E S (Newest First)
John
Posted - 11 February 2009 : 22:23:05 Hi
it will largely depend on the level of equity in the property. If you are in negative equity then it's quite common, and a simple process, for you to keep the home in bankruptcy.
If there is equity then a 3rd party of your choice can purchase that equity from the Official Receiver.
