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Voluntary repo outsanding debt questions.


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Hi gauys,

 

you helped me a few years ago with a bailiff problem. Now a friend of mine has a problem so I thought of here.

 

Back in 2009 my friend ofered his house for vountary repo and went to court.

 

The Mortage company have now sent the debt for the negative equity to a solictors for collection.

 

As he owes in the region of £40,000 he is considering bankruptcy.

 

Any help and adivice would be gratfully recieved.

 

Thanks in advance,

 

UKP>

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Hi gauys,

 

you helped me a few years ago with a bailiff problem. Now a friend of mine has a problem so I thought of here.

 

Back in 2009 my friend ofered his house for vountary repo and went to court.

 

The Mortage company have now sent the debt for the negative equity to a solictors for collection.

 

As he owes in the region of £40,000 he is considering bankruptcy.

 

Any help and adivice would be gratfully recieved.

 

Thanks in advance,

 

UKP>

 

Hi

 

Whether or not bankruptcy would be his best option would depemd on his overall circumstances.

 

As far as mortgage shortfalls are concerned, the National Debtiline fact sheet below might be useful

 

http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=11_mortgage_shortfalls

 

Have a look through the links below for general info on long term solutions / remedies etc

 

http://mymoney.nedcab.org.uk/moneyadvice/

 

https://www.mymoneysteps.org/

 

http://www.cccs.co.uk/

 

Should help to start with

 

Best wishes

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