im going Bankrupt next Thursday

[Darren]

Hi there just like to know, i have a together mortgage with Northern Rock where i got a secured and unsecured amount to do the house up with...we have little equity in house im going Bankrupt next Thursday wife will buy it hopefully, but ive seen conditions in the (Mortgage offer General Conditions)where if im made bankrupt or enter into any IVA (which got refused)that condition 18.When the offer of Debt becomes immediately payable...c. if (you are an individual)a bankruptcy order is made against you or you enter into into a voluntary arrangement with your creditors....does this mean they will/could sell our home anyway..or do they hardly use this condition i am not behind with the mortgage no secured debt apart from mortgage but will be dumping the unsecured debt when i go br...cheers, Help!!!!

[scaredkez]

hi there and welcome to the forum, can't answer the question straight away, i went BR last wednesday and have my OR meeting this morning, i too have the together mortgage so will let you know the outcome when i get back
regards
kerri

Please view my blog at: http://scaredkez.blogs.iva.co.uk/

[Darren]

Excellent scared kez thanks that would be extremely helpful may stop me getting up too early worrying about the bloody house lol Good luck well done!!!
cheers Darren!!!

B word not as bad as you`d think ? (im gonna find out soon)

[MelanieGiles]

Hi tt
I've often wondered myself if Northern Rock would actually ever enforce that provision - I suspect not so long as mortgage payments were being maintained by your wife.

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

[Darren]

Thanks Melanie ...and could you tell me how i change my username also contact people who have some similar experiences im about to follow, or is this all done in the forum?

B word not as bad as you`d think ? (im gonna find out soon)

[MelanieGiles]

You'll need to contact Admin about changing your username, and do visit the bankruptcy sister site as detailed at the top of this screen for further support.

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

[scaredkez]

darren if you speak to admin they will pass your e-mail onto those you want to contact a few of us have done that already.

in regards to northern rock i still can't answer even after seeing the OR today, our house is going under the BR and it gets passed over to another trustee, he told us today we will get 2 years here but it is up to us whether we stay and carry on paying mortgage or let NR reposs by stop paying mortgage, he suggested i contact NR easier for me as i am already BR not for you as they may try to secure the unsecured part of your loan quickly on the house if you tell them now, mel will correct me on that if i am wrong.

my good bit of news is i didn't get an IPa so have to pay nothing, neither does hubby, all i will lose is my home and my car and they won't give me a provision for another car, all in all the OR was very nice and helpful.
kerri

Please view my blog at: http://scaredkez.blogs.iva.co.uk/

[Skippy]

Darren, if you want to email me I don't mind if admin pass my email address on to you.

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/

[Darren]

Its sounds kinda silly but how do you speak to admin?

B word not as bad as you`d think ? (im gonna find out soon)

[DebtDummy]

I am somewhat late here with this post. But if you ever need to contact Admin here just type ADMIN and then what ever is is you have a concern about. Believe me they do answer.

All I have left is my humour.

View my blog http://www.debtdummybankruwoman.blogs.iva.co.uk.

[admin]

Thanks DebtDummy.. and yes it is true, we do keep a careful watch out.
(and we have contacted Darren!)

Unfortunately the email facility has had to be disabled to thwart the spammers.

regards, admin

[DebtDummy]

Ahhhh, you see? Now that's the kind of service I'm talking about(smile). Shame one can't get this type of service off the internet. Thank you Admin.

All I have left is my humour.

View my blog http://www.debtdummybankruwoman.blogs.iva.co.uk.

[Darren]

Thanks very much i enjoy it here helping, well i think im helping, anyway great site just what people need just like the one yesterday, who had thought about suicide, thats what this is about at its very best ...Great Stuff thanks.!!!

B word not as bad as you`d think ? (im gonna find out soon)