Insolvent Estate and Renounce Ex

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Comments

  • silvercar
    silvercar Posts: 49,284 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    It seems the house didn’t sell at £365. Mortgage £250, funding circle loan £115, personal loan for van £10, loan from council £10k. 

    There’s not going to be anything left after the lender has their selling cost and fees etc.

    OP is under enough stress at this time and just wants to walk away, so unless there is a large sum paid direct to her and not in the estate, it’s of no interest. 
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • madbadrob
    madbadrob Posts: 1,427 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Id be very careful now what you do as you could be seen as meddling in the estate and therefore liable as executor de son tort.  Id just renounce your right to administerwith the PA15 and leave the headache to whomever does take on the administration of the estate

    Rob
  • Arnold03
    Arnold03 Posts: 35 Forumite
    Sixth Anniversary 10 Posts Name Dropper
    We will do nothing Rob xx we have renounced and will leave it to whoever applies to administer the estate z 
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