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jayne1970
New Member



70 Posts
Posted - 12 February 2009 :  19:39:00  Show Profile  Reply with Quote
Can anyone advise us wether or not Northern Rock can secure the unsecured loan part of our mortgage agreement on our property. They will be aware there are problems as they refused our IVA proposal. Payments on both the secured and unsecured loans are up to date.

Reviva UK
Advanced Member

United Kingdom
2452 Posts
Posted - 12 February 2009 :  19:53:07  Show Profile  Reply with Quote
Hi

yes they can secure their unsecured loan against your property in the same way that barclaycard etc can.

They would first need to pursue a CCJ, then eventually an Interim Charging Order the a Final Charging order. This will take at least 90 days

I suspect that we will see a huge rise in these over the next year

Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
http://www.revivauk.com

Real People ..... Real Debt Solutions
www.revivauk.com
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jayne1970
New Member



70 Posts
Posted - 12 February 2009 :  20:07:39  Show Profile  Reply with Quote
Thanks for your quick reply. We have a court date for our bankruptcy hearing on 03/03/2009, providing no action has been taken I am presuming we would be able to include the unsecured part of the loan in our bankruptcy?
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John
New Member



United Kingdom
73 Posts
Posted - 12 February 2009 :  20:37:37  Show Profile  Reply with Quote
Hi jayne

absolutely correct.

timendi causa est nescire
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