A little bit help and info please

silvercar

How likely are the bank going to accept the offer and allow us to sell knowing that we intend bancrupcy

It is more a question of whether they think that they could sell for more if they waited.

also if we signed saying we accept shortfall before BR can the shortfall still be included in BR.

Normally, yes. Though with this

We are in Scotland.

you need to check out if the rules are different.

coolcait

If there's a shortfall, it will become an unsecured debt. It can be included in the bankruptcy.

It doesn't really matter if the house is sold before or after the date of bankruptcy.

mirabel25

Hello, The halifax have approved the neg equity sale and should all be finalised by 3rd may, they are sending me the paperwork, is there anything we shouldnt sign? we intend to go bankrupt within weeks of this being over but worried if we sign the wrong thing we would not be able to add shortfall to bankrupcy, any advice please.x

fermi

mirabel25 wrote: »

Hello, The halifax have approved the neg equity sale and should all be finalised by 3rd may, they are sending me the paperwork, is there anything we shouldnt sign? we intend to go bankrupt within weeks of this being over but worried if we sign the wrong thing we would not be able to add shortfall to bankrupcy, any advice please.x

If you have not gone BR yet, then in theory it doesn't matter what you sign. The BR will overide anything that you sign beforehand.

That is certainly the case in England, and I cannot see why it should be different in Scotland.

However, don't take out word for it. For your own peace of mind please talk to somewhere like National Debtline. 0808 808 4000.