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Banktuptcy & Buy to Let in negative equity
Comments
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No, as that entire chapter is about dealing with interests in the "family home".
i.e.
where a property is considered to be a dwelling-house, which at the date of the bankruptcy order was the sole or principal residence of;a) the bankrupt,
b) the bankrupt’s spouse or civil partner, or
c) a former spouse or civil partner of the bankrupt
None of that applies to your BTL properties.Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0 -
No, as that entire chapter is about dealing with interests in the "family home".
i.e.
where a property is considered to be a dwelling-house, which at the date of the bankruptcy order was the sole or principal residence of;
a) the bankrupt,b) the bankrupt’s spouse or civil partner, orNone of that applies to your BTL properties.
c) a former spouse or civil partner of the bankrupt
fermi many thanks for the prompt response.0
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