Secured and Bankrupt

GAZZA544
GAZZA544 Posts: 121 Forumite
in IVA & DRO
I wonder if someone could help me I had a secured loan on my property last year but went BR on the 20th of Oct.The house has been v/s to GE Money who are going to market and sell it however Black Horse who I had the secured loan with are sending default notices to me telling me I need to pay my arrears what can I do ?If I could afford to pay them I would not be BR!Please could I have some advice on what to tell them or what they can do to me.

Comments

  • peachyprice
    peachyprice Posts: 22,346 Forumite
    Name Dropper First Anniversary First Post
    The debt is secured until you are no longer the legal owner.
    Has the house been formally repossessed in court?
    If yes, then you tell Black Horse to take a hike, and report them to the OR for hassling you.
    If no, they will still hassle you until you are no longer the legal owner, just tell them the house is in the process of being formally repossessed and they can take a hike as soon as it is.

    Either way you do not have to pay them.
    Accept your past without regret, handle your present with confidence and face your future without fear
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