Housing Question

creditmonkey_2

:money: Goodnight MM .

MessyMum

Morning

Well slept ok, had to get up and read for a while cos I kept thinking about telephone calls and balifs, feel quite up-beat today though.
I spoke to my parents and my Step Dad has a house that he rents out, he said if we do go bankrupt and can't/don't want to keep the house then we can move into his, the rent would only be £500 per month so that is positive news.

If we did go BR, what would be the first move? Should we do it our selves or go through CCCS or someone?

Sorry if that is a stupid question MM x

peachyprice

You'll need to get advise from one of the charities, but that can just be over the phone. After you've done that you can do the rest yourself, and TBH it'll be a lot quicker than waiting for CCCS or CAB to find time to help you.

You need to find out which of your local County Courts do bankruptcy, not all do, give them a call to see how long their waiting list is if the do it that way, and make your appointment. The court can send you the forms to fill in by hand or you can do it online here

https://www.insolvencydirect.gov.uk/isolv/

And then save for your fees, £495 each :eek:

philnicandamy

Court lists here

http://www.hmcourts-service.gov.uk/HMCSCourtFinder/

positivestep_2

Hi MessyMum. My mortgage and secured loan is over £200.00 a month more than if I rented. The OR wasn't interested at all. As your property is in negative equity, the OR won't be interested in taking the property from you. You just need to pay the mortgage/secured loan as you are already doing.