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Bankruptcy - Morgage/Unsecured Load Help me Please!!!
financialdumbbum
Posts: 4 Newbie
Hello,
i am now official bankrupt! (5th August!) Scary - just a bit! Im very confused and hope someone can help or offer advice!
My morgage is with Northern Rock - i also have an unsecured loan that runs along side my morgage (for the full term of the morgage with northern rock) as this is unsecured i have included with my unsecured creditors my problem is the morgage/loan payment are taken as one by Northern rock as the loan is unsecured it is included in the bankruptcy - do i now stop paying this to northern rock?
Can this affect my morgage payments - if i just pay my morgage and not the loan will this default my morgage?
if anyone can help me please let me know as im stressing about it!
thankyou!!!
i am now official bankrupt! (5th August!) Scary - just a bit! Im very confused and hope someone can help or offer advice!
My morgage is with Northern Rock - i also have an unsecured loan that runs along side my morgage (for the full term of the morgage with northern rock) as this is unsecured i have included with my unsecured creditors my problem is the morgage/loan payment are taken as one by Northern rock as the loan is unsecured it is included in the bankruptcy - do i now stop paying this to northern rock?
Can this affect my morgage payments - if i just pay my morgage and not the loan will this default my morgage?
if anyone can help me please let me know as im stressing about it!
thankyou!!!
0
Comments
-
Hi
Any unsecured debt will be included in your bankruptcy and there is nothing NR can do, it wont affect your mortgage.
You must stop paying this immediately.
Your OR will deal with it all - have you told him/her?
BR 12th August 2009 :T ED 11th June 2010 :TBSC Member 2830
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