Surrendering keys after Discharge of BR

Sunflower1806

Hi
I am new to the forum and wondered if anyone could give me any advice.
I was discharged from BR in Feb 2010. I have just heard that the Trustee in BR is giving me the deeds back to my home because of the Neg Equity ( About £31,000 )
I do not want to stay in the property as it needs at least £10,000 spending to maintain it. All doors, windows, Bathroom etc need replacing and I cannot afford to do this due to being separated from my Husband who also was discharged from BR at the same time.
Both our names are still on the mortgage,
If I want to move how do I give the keys back?
Will all the negative equity be covered by my BR if it was on my SOA.
The amount of Neg Equity will have increased from 3 years ago.

Hope this makes sense

G x:)

IF

Hi G and welcome to the BR board :beer:
Fermi's sticky and some other threads may help until a poster who has been through this can advise further.

Voluntary repossession forms and bankruptcy - click here

Dawlish’s thread - Click here

How long does it take to repo a property - Click here

Tim's post is important too

BB&B wrote: »

When you leave a property that is going back to repossession, it is up to you to have the utilities CLOSED* down, that is they should physically come out and shut them off.

If you don't do this then, you can be liable for any and all costs until the property is sold.

Just moving out and telling the utilities that you have handed it back to a mortgage company doesn't count until, as they say, there is either a court order or letter from the mortgage company accepting liability.

The same applies with Council Tax, which you remain liable for, but you can get an exemption on, unfortunately utilities don't normally give the same exemptions.

*Closed down means:

Electric - The Electric Company comes out and removes the master fuse.
Gas - The Gas company comes out and caps the supply.
Water - The water company normally agree a cut off, they really actually cut the water off

BB&B wrote: »

An unoccupied property dwelling is exempt indefinitely where the liable Council Tax payer has been made bankrupt and liability would fall to a trustee in bankruptcy.

Again something Councils fail to tell people.

Ref SI 1993/150

Tim

If...x

CIS

An unoccupied property dwelling is exempt indefinitely where the liable Council Tax payer has been made bankrupt and liability would fall to a trustee in bankruptcy.

For clarification , its exempt along as long as it the responsibility of the trustee in the bankruptcy (and remains unoccupied).