Bankruptcy Advice

veg_racer

Hello all, I am planning to go Bankrupt over the next couple of months and i need a little advice. I have a Mortgaged house that is approximately 35k in negative equity and i intend to hand the keys back to the lender when i go bankrupt. I was planning to go bankrupt from my new address where i live with my new girlfriend and her children, i am not yet listed as living here with the letting agents and we are not financially 'linked' at present. My only concern is that my bankruptcy will affect my girlfriends ability to obtain credit, also, will the landlord be informed of my Bankruptcy?

Regards

Anthony

Ineedaname

Hi there, first and foremost, have you taken advice from one of the free debt advice agencies?

If you move in with your girlfriend you may find the letting agents insist on a new tenancy contract being drawn up and they are likely to charge some fees for doing that. If this is the case then you're better moving before going BR because of credit checks and yes, the OR will likely notify the landlord.

It is a tenant's right by law to receive landlord details and be able to contact a landlord direct. If you feel you would rather do that than advise the agents when you go BR then you can also give the OR the landlord's direct details and by-pass the agents. As long as the landlord is happy that you will still be paying the rent then there should be no problems and the agents may never even find out.

Regarding your GF's ability to obtain credit. Her credit records won't be affected as long as you don't have any joint finances with her - a joint tenancy agreement won't affect that, only joint bank account(s) or debt.

With your mortgaged house, remember not to sign anything related to it once you have gone BR!

dojoman

You have to list the address that you have resided at for the greater part of 6 months prior to your BR.

JustinCredibleGillespie

Its a bit of a tricky one. Are you in NI by any chance?

I moved into a new address 3 weeks before going BR and had to send my tenancy agreement to the OR but they still have not contacted my landlord (who is a work colleague & friend of mine)

JCG

xx

Ineedaname

dojoman wrote: »

You have to list the address that you have resided at for the greater part of 6 months prior to your BR.

I think the 6 months only applies in relation to the Court you go BR at, i.e. if you move areas a few weeks before going BR you would have to do the deed at the Court related to your previous address.

All the BR forms ask is for your 'home address' at the time of going BR. So even if the above applies you would still put your current address on the actual forms. The OR needs to know where to send letters!