Beneficial Interest

[Soulgrowth]

An interesting discussion ... therefore at the end of my bankruptcy period could I then remortgage to keep my property seeing as the only thing that might have stopped me doing so before going into bankruptcy might be the technicality of one of the creditors placing a charge on the property? Also, in the eyes of the OR that a particular creditor ahs secured a charge on the property does this give him a greater share of the estate than the other creditors?

Debbie

[MelanieGiles]

Only if you are able to raise the full amount of the equity Debbie, as you will not get a 100% mortgage. Is your property solely or jointly owned? If jointly owned, this may be possible as you will only have to find your share of the equity - and therefore can find a lower loan to value remortgage.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[Soulgrowth]

Good point Melanie ... thank you. Thwarted at every turn!