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Can a house be repossed

petunia100
Posts: 536 Forumite


because of unsecured loans and credit card debts?
0
Comments
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Eventually, theoretically yes.
If payment is not made and judgement is entered into, if you then do not pay and a charging order is applied then theoretically a chargee can apply to have the house sold.
However it is often threatened rather than carried out.
You may want to let us have more info.0 -
Depends if the creditors have managed to get a charging order, would you like to tell us some more so that we can see if we can help.
SFx0 -
If the debts are bad enough then a judge may decide to grant a charging order against the property. Outright reposession - i don't think so.
http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=15_charging_orders_in_the_county_courtAfter falling off the gambling wagon (twice): £33,600 (24,000+ 9,600) - Original CC Debt: £7,885.91
Dad Gift 6k ¦ Savings & Inv Tst: £2,500
Loan 10k: £0 ¦ Dad 5.5k: £2,270 ¦ LTSB: £0 ¦ RBS: £0 ¦ Virgin £0 ¦ Egg £0
Total Owed: £2,270 (+6k) 11/08/20110 -
Eventually, theoretically yes.
If payment is not made and judgement is entered into, if you then do not pay and a charging order is applied then theoretically a chargee can apply to have the house sold.
However it is often threatened rather than carried out.
You may want to let us have more info.
Thanks, but it's for a friend so I don't know all the facts.0
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