Bankrupt - but still liable for property debts?

Jaelor

Not posted for a while - feel a failure. Was desperately trying to clear my debt, but it all went horribly wrong so we filed for bankruptcy.

We were in negative equity and were trying to sell our house, but the dreaded FirstPlus put the kybosh on that, so we had no choice but to move into rented accommodation and file for bankruptcy.

I included the house and both mortgages on my bankruptcy forms.

However, I understand from my OR that I am now liable for costs from the repo of the house occured since the date of my Bankruptcy.

Help ! anyone else been in this position?

bluezone

I'm sorry I cant help you but am bumping this post up so that someone else can see it and help you

wisbech_lad

No, I haven't been in that position. But, yes, costs incurred AFTER bankruptcy date are not part of the bankruptcy, by definition really.

sanfrancisco

BUMP. Does anyone have anymore info (especially some of the Bankrupts) on this?

Rallya

I worked for an OR a few years ago, any costs after the date of the BO you are liable for so you need to contact the creditor to make arrangements to pay unfortunately.

I know of some bankrupts this happened to who went bankrupt a second time because of these debts, really you should have waited to go bankrupt after everything with your house was sorted

Addicted2Chocolate

I think you should write letter to your OR to seek clarification, as the costs/expenses of repossession after bankruptcy would have been a contingent liability, and i think would be included as bankruptcy debts. you need the answer clarified in writing by your Official Receiver, dont believe what the secured lender is telling you they just wnat to be paid.