11 year old bankruptcy

much2broke

Hi guys

I need a quick bit of advice. I declared myself bankrupt in 2009 and as my home was in negative equity I was allowed to remain in it. The problem is now that I am on an interest only mortgage that will soon be coming to the end of the term and need to sell my property to be able to pay it off. I know that a bankruptcy restriction has placed in the title register that prevents me from selling. So what I'm really trying to find out is what my options are if I can't stay and I can't sell.

Thanks.

sourcrates

National Debt line may be able to advise on this, Google is your friend.

Minkym00

Have you run a recent search on the Land Registry? It shouldn't show any bankruptcy restriction as the restriction should have been removed when the Official Receiver re-vested it (i.e. relinquished any claim over it). The OR has no claim on the property now in any case as they only had 3 years in which to deal with a family home. 

Do the Land Reg search (costs £3), and if the restriction hasn't been removed then contact the Insolvency Service for them to action it.  

much2broke

I did a search yesterday and it showed the restriction below:
"(08.01.2009) BANKRUPTCY NOTICE entered under section 86(2) of the Land Registration Act 2002 in respect of a pending action, as the title of the proprietor of the registered estate appears to be affected by a petition in bankruptcy..."

Is there any way it can be removed?  I tried to call the official receivers but the number from the correspondence I received back then no longer works.

Minkym00

The OR should have informed the Land Reg when they revested the property. Find the office who dealt with your bankruptcy here and asked them to do it:
https://www.gov.uk/government/publications/contacting-an-official-receiver/contact-information#Contacting-Official-Receivers-offices

The_Real_Cheddar_Bob

I would suggest getting your word processor out and writing a few letters. The longer you leave it, the more pressure you will be under when you need to remortgage