BI in property - What is 'Next Step'?

Addicted2Chocolate

Rog2, i did not say it was fair to your wife. You asked if the Trustee can force a sale and i said yes they can. It is unfair in your wife, but the law puts the creditors interests above hers.
In reply to your last post 1. the low cost conveyancing scheme is only for where the OR is disposing of an interest in a property, so no it will not be available to you. But the Trustee may have a similar scheme. 2. I do not know, sorry. If you have a financial association (any joint debt, loan etc) her credit rating may be affected by your bankruptcy so yes possible she wil be offered highrer rate of interest.

rog2

Addicted2Chocolate wrote: »

Rog2, i did not say it was fair to your wife. You asked if the Trustee can force a sale and i said yes they can. It is unfair in your wife, but the law puts the creditors interests above hers.

My actual question was 'why should my wife suffer for something over which she had no control?' It was NOT a dig at your post, merely a question, which must have been asked many times before, and I was genuinely looking for legal clarification.

In reply to your last post 1. the low cost conveyancing scheme is only for where the OR is disposing of an interest in a property, so no it will not be available to you. But the Trustee may have a similar scheme.

Thanks - I will write to the trustee, to ask. I WAS assured,in answer to my specific question, at my OR meeting that the appointment of a trustee would not affect the way in which my case, or indeed I, would be treated. I will mention this in my letter.

Thank you A2C - my wife has no financial link to me, other than our mortgage.

silkglade

Hi ROG

Can I just say good luck to you and I hope you manage to get things sorted in a way that suits you.

People that hve not been through this just don't understand what it feels like.

Keep us updated though

Pobby

Hi rog.I know we are of a similar age and although I never went bankrupt I lost a good deal of money when I had to close my business some years ago.I just want to wish you all the very best in sorting out this problem.

rog2

Pobby wrote: »

Hi rog.I know we are of a similar age and although I never went bankrupt I lost a good deal of money when I had to close my business some years ago.I just want to wish you all the very best in sorting out this problem.

Thanks Pobby - really appreciate that - cheers mate. :beer:

To everyone else - I still need your continued advice, which, thusfar, has been of great help and encouragement. I will be at work during the week, and whilst I will be able to look at any new posts, I may not be able to reply. This does not mean that I don't appreciate your suggestions and I will reply at the weekend.
Keep posting lads and, of course, lasses - you're keeping me sane. :beer: :A :beer: