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Mortgage/Secured Loan Debt after Bankruptcy

colmac71
Posts: 119 Forumite
Hi all
Went b/r in April - all going well - paying IPA of £490 a month
BUT
I might just be panicing BUT
After the 3 years, can the mortgage company and secured loan company still chase me ?
I handed the keys back to the mortgage company (negative equity)
I think I read somewhere, and I'm confused, that I can be chased for debt afterwards?
Thanks in advanced
Un-necessarily Concerned??
Went b/r in April - all going well - paying IPA of £490 a month
BUT
I might just be panicing BUT
After the 3 years, can the mortgage company and secured loan company still chase me ?
I handed the keys back to the mortgage company (negative equity)
I think I read somewhere, and I'm confused, that I can be chased for debt afterwards?
Thanks in advanced
Un-necessarily Concerned??
0
Comments
-
Hi Colmac,
No, they cannot chase you, not now, not ever, any shortfall from the mortgage and secured loan will be covered by your bankruptcy.Accept your past without regret, handle your present with confidence and face your future without fear0
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