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Danni24
Starting Member
12 Posts |
 Posted - 27 January 2009 : 13:50:26
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Hi Guys,
Cant beleive that my hearing is tomorrow, after such a long time I can finally breath and know that whatever the outcome of the OR interview that I will not have to worry about Baillifs etc. I would like to thank you all for your posts, and although I have only just started posting, a lot of other topics have been very useful.
One last question, in Jan 2006 my partner and I purchased a property in Spain to renovate and sell on with a view to make some quick money to help with our debt problems. But it went wrong and we had to return to the UK with a mortgage for a property that was doomed to a death. We tried to rent the property to try and cover some of the mortgage payments, but early 2007, could no longer cope and stopped paying. As the mortgage was given to us by a Spanish mortgage company it has always been hard to get in contact with them and when we can no one will talk to us, so the last letter we received from them was Sep07 saying that they were going to repossess the house. I was unable to afford a solicitor to act on our behalf, so left it with the mortgage company to sort out and keep me informed. I have not heard anything since. I have put the Spanish Morgage company on my SoA as an unsecured creditor (as if they have already repossessed then they are likely to just want to cover the shortfall) is this correct? Also I havent as yet listed the house as an asset as so far as I know, it no longer belongs to me, it is now the proprty of the mortgage company?
I have tried to contact them 6 times over the past 2 months and there is never anyone who can uderstand English to speak to.
This is the last thing that I need to complete on my SoA, so any advice would be great. Thanks, Danni |
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movin on
Average Member
United Kingdom
946 Posts |
Posted - 27 January 2009 : 14:09:08
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Hey Danni
Im really sorry but i cannot help with your question (as im only just getting to grips with the english ways  ).
I wanted to wish you lots of luck for tomorrow and please let us know how you get on.
Take care
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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coxy
New Member
United Kingdom
63 Posts |
Posted - 27 January 2009 : 14:50:28
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HI DANNI
Im no expert but would think you would need to list spanish property under section 9 property disposed of in last 5 years.
I would have listed spanish mortgage company in section4 as unsecured creditor as well.
Good luck hope everything goes well tomorrow. |
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John
New Member
United Kingdom
73 Posts |
Posted - 27 January 2009 : 16:03:09
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Hi
actually Danni, as far as you know you still own the property as you have received no confirmation to the contrary.
On this basis you must list it as an asset in section 3, and in section 4 secured, and in section 4 unsecured (for any possible shortfall) and also in section 8 as a property owned by you.
Explain at interview the full details and the OR will get to the bottom of it all for you and likely save you some solicitor's fees.
www.Bankruptcyhelp.org.uk
0800 078 9367 |
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Danni24
Starting Member
12 Posts |
Posted - 27 January 2009 : 16:28:45
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| Great thank you John, I thought that was the other option. I have put a brief explanation as to the repossession in the 'cause of bankruptcy' sections, but I will explain it to the OR again when the time comes. |
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Almost There! 1 last property question..
