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what happen to house after 3 years?
jez123cars
Posts: 74 Forumite
ok, we're discharged and the house is with the RTLU. When we went bankrupt we were told we were unlikely to lose the house (partly because very little equity and 2 mortgages, and partly because hubby only on temporary contract). I know they keep interest for 3 years but what happens after that? Do the deeds revert to us?? Many thanks x
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Comments
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If the Trustee does not do anything with the house and it is classed as a family home then the house would revert back to youHi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.0 -
Phew, thanks xx0
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I didn't hear anything regarding my house for 18 months after my bankruptcy - then I was offered to buy the beneficial interest, which I did.
:j :j
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