voluntary repossession and expartner is bankrupt!

emma1711_2

Hi i really need some advice please. Cut a long story short separated from ex partner he is bankrupt, am unable to meet mortgage repayments, tried selling, thought of renting, but mortgage company arent happy, as there is two thousand pounds arrears. Official receiver need to be informed about renting, and need to agree so could take 3 months. Rent would not cover mortgage. House in negative equity. Heavy heart but need to consider voluntary repossession! Top it all anything owing after house sold, i would have to pay anything left over, as partner bankrupt ( we have joint mortgage) any advice please please! This is my last resort. Partner pays maintenance but still cant afford it, feeling trapped. Between the devil and deep blue sea:(

Am moving out soon to live with parents, which means i can work more, as we live in country, my expartner in all fairness does pay maintenance of £400 per month, but what seems unfair, is that i will be chased for money if i do a voluntary repo, mortgage is £850 per month, i earn £1000, my expartner earns £5000 per month, but even so bankrupcy law states that he wont be chased for the money i believe.

Trying_to_be_good

Sorry to hear things are so tough at the moment.

I think you may need to be on the DFW board, or possibly even bankruptcy yourself - do you have any other assets? How much is the negative equity likely to be, realistically? Have you lowered the sale price in order to have any interest?

You say your partner pays maintenance - is that for you, or are there childern involved? Have you checked you're getting all benefits etc to which you're entitled?