A question

[e.h]

Hi everyone

Just a quick rhetorical question - not relevant to our situation but something I am curious about. If you went bankrupt and you had negative equity in your house, it is always said that a family member or a friend can purchase your interest for possibly £1 (plus costs, etc). Can YOU buy the interest back?

Looking forward to your responses.

Liz

[scaredkez]

you can't buy the interest back off the or, you have to get a family member to do this, nothing changes really, it costs £1 plus solicitors fees of at the mo, £211, however saying that my or said we could buy it back cause our house in neg equity, she never said it had to be a family member this is something we are still waiting to hear, so will let you know, but the costs are what i have been quoted by the OR, of course if you get someone to buy it for you then you could buy it back off them for the £1, hope this is what you meant.
kerri

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