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nicky7175
nicky7175 Posts: 141 Forumite
in Bankruptcy & living with it
Hi not sure if anyone will know had a joint mortagage with ex went bankrupt in july. my house sale went through today and my share left over was £2600 which soliciter has sent to official receiver . Does that money stay with them now. I understand i went bankrupt and should not see the money but just wondered where it went

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  • betterlatethannever
    betterlatethannever Posts: 5,280 Forumite
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    Hi nicky, i'm guessing the money will now be divided between your creditors by the OR.
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  • tigerfeet2006
    tigerfeet2006 Posts: 14,030 Forumite
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    Yep! I would say that to BLTN
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  • Richard_S
    Richard_S Posts: 4,432 Forumite
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    Hi nicky,

    Only a technical point really because the net effect is the same. Any monies recovered go towards paying the O.R's fees first and then they get distributed amongst your creditors. Given that the O.R's cost are a healthy four figure sum there's not going to be much left for your creditors.

    Debt doctor has a more accurate idea of the O.R's fee structure, if you're interested.

    Richard
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