Husband bankrupt and Trustee wants to sell our house??!!!??

UKSBD

slightly OT but you say there is a £200,000 mortgage.

Your husband is bankrupt and you do not work, do you have an income?

Has any of the mortgage actually being paid in the last 3 years?

If not, it is in your interest to sell as soon as possible or your pot may be getting smaller on a daily basis.

Clouds88

I!!!8217;m really sorry to hear about the situation. My dad went bankrupt years ago to force my mum to sell the house. I thought everyone knew they would lose their assets when bankrupt? I!!!8217;m bankrupt myself and rent. No one will ever buy me a house I have to work and afford one once I!!!8217;m out of this mess.

Sorry about your house, why not look at ideas now, can you buy a smaller place with the 100,000? Can you rent for now and keep that money in the bank, get a job and then afford a mortgage. Life is very hard I know but if it!!!8217;s something you really want you can make it work. Goodluck.

photome

Is this def not a wind up

BeccaGee

I wish I could say it was a wind up. Husband spoke to the trustee today and we have some talking to do now

Silvertabby

!!!8220; But I can explain that I do not work and so I cannot get a mortgage on my own and my husband probably couldn't now he is bankrupt!
Originally posted by BeccaGee

Why don't you work?

BeccaGee

It!!!8217;s just the way we have always done it, quite old-fashioned. He has always worked and paid the bills and I look after things at home

elsien

BeccaGee wrote: »

It!!!8217;s just the way we have always done it, quite old-fashioned. He has always worked and paid the bills and I look after things at home

Given how things have turned out that's something you might want to reconsider moving forwards.

BeccaGee

I wouldn!!!8217;t even know where to start. I am very much in love with my husband,
We are great and happy together. We just need to find a way around this.

AnotherJoe

BeccaGee wrote: »

It!!!8217;s just the way we have always done it, quite old-fashioned. He has always worked and paid the bills and I look after things at home

Wow. Well, the next step is somewhat obvious then.

warby68

BeccaGee wrote: »

It!!!8217;s just the way we have always done it, quite old-fashioned. He has always worked and paid the bills and I look after things at home

Except he hasn't paid the bills, well at least £100k of them.

If this isn't a wind up, its probably more than time for a rethink and make sure you know what you need to know to secure your future. Your 100% reliance on him is looking shaky at the moment.

Presumably his discussions with the OR today confirmed the position is as expected.