House Repo Letter 6 months after discharge? What to do?

emmarbos

I went bankrupt October 12 and was discharged last year.

The reason was that my ex wasn't paying joint loan, ground rent and maintenance and mortgage, a solicitor advised that I go bankrupt. My ex was still living in the property and from last sept he has stopped paying completely and left the property. The property was in neg equity which I stated on my bankruptcy.

I have now received a letter from solicitors advising a payment within 14 days before they start legal proceedings to repossess.

What happens now? Has anyone been through anything like this?

fermi

They repossess and sell. Your personal liability for any shortfall, charges and legal fees then falls into your bankruptcy.

Lender may try to make you think it doesn't and you still have to pay something, but you can tell them to get lost.

You get on with enjoying being debt free.

emmarbos

Do I contact the solicitor with my bankruptcy ref no? They also sent the letter to my old address.

fermi

Up to you really. At this stage the BR does not have any impact on the repossession and legal process of sale.

alastairq

emmarbos wrote: »

Do I contact the solicitor with my bankruptcy ref no? They also sent the letter to my old address.

I'd wait......if only because, to alert the Solicitor to the presence of your Bankruptcy might only encourage them to further pressurise you to sign to accept liability for the shortfall.

Sign nothing.....you do not 'have' to.

skintandfat

I agree with Alastair

DO NOT sign anything, let the repossession follow it's course and don't worry.

fermi

Agreed. You can just leave it. They may moan and try to hassle, but it's just irrelevant noise and not your problem as long as you don't sign anything.

SteveABC

This happened to me too. I was in privately rented accom by this time and I just ignored everything and signed nothing (was hassled by the lender and the secured loan company). Eventually it was sold and the negative equity (about 50k) fell into my BR. That was nearly two years ago now and I have not heard a peep since.

The only letter I wrote was to the court just to inform the I was BR and would not be contesting the repossession or turning up on the day of the hearing! Apparently there were court fees too but they must have also fallen into my BR as I paid nothing.

As has been said before just hold your nerve and SIGN NOTHING!

Mr_F_Dorsetty

fermi has this 100% .

The answer to any financial matter which happened or was created before your BK is "Nothing to do with me, speak to the OR..."

I've had some things kick up in the past, the OR gives anyone very short change.

Do remember you ceased to exist as a financial entity when you were BK and a BK is a solid wall in the road of life which basically only student loans survive past - so if they have anyone to hassle it is the OR, not you.

longtermplanner

Mr_F_Dorsetty wrote: »

Do remember you ceased to exist as a financial entity when you were BK and a BK is a solid wall in the road of life which basically only student loans survive past - so if they have anyone to hassle it is the OR, not you.

This is wrong in so many ways that I can't be bothered to explain.

fermi has given a clear and correct answer to the original question

WickedWitch123

longtermplanner wrote: »

This is wrong in so many ways that I can't be bothered to explain.

fermi has given a clear and correct answer to the original question

His advice is scary to us newbies. I just remind myself to ignore it.