Good advice David thanks. Hi Kevin, I'd need to check again on this. What is the usual arrangement in respect of equity in a TD?
Hi Kevin, my TD lasts 3 years, I have 15 months left. There was £25k in equity, I'm paying my share of the equity to the TD over the 3 years at £340 p...
Hi Kevin, I'll need to get back to you on that one. I have 15 months remaining of my 3y in the TD. I pay £440 p/m made up of two payments one of which...
Hi David yes we jointly own the property. There's possibly 25k in equity which is factored into my TD payments. How does this affect sequestration?
Hi David, thanks for the advice. You asked about assets, we have a joint mortgage that is currently subject to the arrangements in the TD. How would t...
Hi, no we dont have a plan. My wife works part time, has no assets and one credit card with a few hundred pounds owed on it. Her salary covers pretty ...
Thanks Mark, that pretty much answers my question and informs next steps.
Kevin, say 'same methods' as other creditors. What are those methods and how far down the line would they go until they realise we cant give them what...
Hi, no she hasn't. What options are available? Bottom line is that we/she cannot afford to pay this. How far can Max Recovery go in terms of recovery?...
Hi, Yes the money was owed on the day and included in the TD. I am in the TD and my wife is not but this loan is a joint loan so jointly liable I beli...
Same terminology fcwalker. HMRC said that since I was 'bankrupt' they would be sending the tax rebate to my Trustee. In respect of the rebate amount, ...
Hi, how would they know from my tax code? My employer doesnt know of my TD. It is appropriate that my Trustee knows and decides on the money but losin...
Hi, our mortgage is joint so guess they have used that as part of the process. As you say, there will be other institutions who will not factor this i...