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 what happens if your home has been reprosessed		  New Topic  Reply to Topic
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clairedt
Starting Member



1 Posts
Posted - 24 January 2009 :  16:37:34  Show Profile  Visit clairedt's Homepage  Reply with Quote
what happens if your home has already been reprosessed, and sold on but only enough money was made to pay the morgage and not any loans secured on the house? can you still declare yourself bankrupt if you own no assets?

movin on
Average Member

United Kingdom
946 Posts
Posted - 24 January 2009 :  17:02:19  Show Profile  Reply with Quote

Hi Claire and welcome

Yes you can declare yourself br, and must also include any shortfall from the mortgage and secured loan as this will be captured by the br.

Do you have any other assets which may be at risk under br proceedings ?

Jenny
xx



Onwards and Upwards is the way im going :-0)

From "Moneyworries" to "Movin On" in 3 months is fantastic :-))

xx
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