If you declare bankruptcy and your home is in negative equity and you want to keep it, then the official receiver may sell you back the interest, or value it again in 2 years and 3 months time and deal with any equity then. If there is none then, the interest they have in your home is transferred back to you.
Please take advice from an expert on here or visit the CAB regarding your situation.
What if my house is in negative equity?
Posted - 19 January 2012 : 14:54:31
