Can anybody help-bankruptcy, mortgage puzzle

Ineedaname

However, if the debt is less than £15K then a DRO is an alternative (and cheaper) option if the criteria for it is met.

Mike_parsonnage

debtfreebyxmas wrote: »

no equity, 100k mortgage, closest offer 85k, bought massively overpriced. I know my husband will have to go bk, but will his brother really get away with it?

15k negative equity why is the brother getting away with anything he is just taking his brothers half of the negative equity, if your Oh just signed the house over to him walked away and then did not go bankrupt your Oh would have come out of the deal better out of the two.

NeverAgain_2

Mike_parsonnage wrote: »

15k negative equity why is the brother getting away with anything he is just taking his brothers half of the negative equity, if your Oh just signed the house over to him walked away and then did not go bankrupt your Oh would have come out of the deal better out of the two.

The problem with that idea is the lender is most unlikely to let husband 'just sign over the house to him' because it significantly reduces their security.