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Bankrupt, Big mortgage shortfall, Advice on future....

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  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    No your mortgage will not be included in the BR order as the repossession went through AFTER the date of the order.

    Sorry, but completely wrong.

    A responsibility to pay a shortfall originates from a liability incurred before the BR order. As such, it is covered by the BR order, even if the shortfall is only realised by repossession and sale after the BR.
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • dojoman
    dojoman Posts: 12,027 Forumite
    I am glad the likes of Debtinfo, Fermi and the others are around to set us right, your advice is invaluable. I know most people post with the best intentions, but if the advice is incorrect then a lot of damage could possibly be done. I only give advice when I am 100% sure that it is right. I am not having a "go" at anyone but I think we need to be careful before we post.
    :pB&SC No. 298
    Life`s Tragedy is that we get OLD too soon
    and WISE too late!
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