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question about sale of home
eklynne
Posts: 2,396 Forumite
I have recently been made bankrupt (sequestrated, I am in Scotland) over debts amounting to just over £8000. I was wondering if anyone knew what would happen when my house is sold? The house has around 40k equity in it. If the OR sells the home and pays off my debts will I get any money at all from the sale of the house or will he sell it for just enough to cover the 8k debt? I'm a bit confused about the whole situation.
Thanks!
Lynne.
Thanks!
Lynne.
Come ride with me, through the veins of history...
I'll show you how God falls asleep on the job.
~Matthew Bellamy.
I'll show you how God falls asleep on the job.
~Matthew Bellamy.
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Comments
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When the house is sold rhe trustee will take his fees and the debt amount and then you will get the remainder.Namaste DeeDee x0
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Thank you!
Lynne.Come ride with me, through the veins of history...
I'll show you how God falls asleep on the job.
~Matthew Bellamy.
0
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