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Quick question

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

Comments

  • betterlatethannever
    betterlatethannever Posts: 5,280 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Hi nicky, i'm guessing the money will now be divided between your creditors by the OR.
    The first time we said hello, was the first time we said goodbye. As the angels took your tiny hand and flew you to the sky-you forever left us breathless. RIP my beautiful granddaughter :(
  • tigerfeet2006
    tigerfeet2006 Posts: 14,030 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Yep! I would say that to BLTN
    BSCno.87
    The only stupid question is an unasked one
    Loving life as a Kernow Hippy
  • Richard_S
    Richard_S Posts: 4,432 Forumite
    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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