About to declare bankruptcy - Renting off Mother

ThaNinja

Hello all, first time poster here but got a large dilemma and not sure whether or not I'm being lied to.

I'm currently renting my mothers property in the northwest of england, she has her own property with her husband in the north east of england, there we go.

I'm due to declare bankruptcy this week, today my mother and her husband (my stepfather) sat me down and said I'm not able to declare myself bankrupt because they won't be able to insure the contents and building insurance due to me being a potential risk on the house, as they will have to declare that they have a bankrupt living in their property

i don't want this to become a bankruptcy/IVA based thread so Its just a simple question as to has anyone come up against something like this or is it all a smokescreen to stop me doing it, I really won't appreciate being lied to, but I need to know as this is a massive decision affecting my immediate and long term future, Any replies are appreciated

Thank you in advance

Robert hughes

debtinfo

It is certainly true that some people may choose not to offer insurance, maybe this is what they picking up on there own policy.

It is not true that that they wont be able to get any insurance as all the hundreds of people on this furom have insurance, sometimes they ask for a deposit up front and it can be a little more expensive

skylight

Yes they can.

As a tenant you should be insuring for contents anyway and they do the buildings. It may be more awkward to insure perhaps as many insurers wont insure, but many still do. Some add a premium and some don't. It's possible that either their current insurers wont insure if a BR lives there so they have been told (incorrecty by a well-meaning someone), or they assume, that all insurers wont.

I don't think they are deliberately lying to you at all; they are just trying to protect their interests with the property. As well as possibly trying to put you off; BR to the older generation (sorry oldies.....) is a real taboo and they are probably quite frightened for you.


I have contents only insurance via the Co-Op. The most competitve price being an ex-BR or not. They also insured me whilst BR and after speaking to them, they were not interested in that fact.

dojoman

Have to agree with what the others have said, it is possible to insure the property, and with the numerous comparison websites around now it is a lot easier than a few years ago.