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
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.
i am thinking going bankrupt
Posted - 11 February 2009 : 21:57:00
