Page 1 of 1
Posted: Tue Oct 30, 2007 8:29 pm
by sjw
hi could anyone tell me if i would be better off renting before bankruptcy or after because unsure chances of getting rented property because of credit checks showing im bankrupt and house repossesion. not sure whether to wait til house is repossessed go br then rent or just leave house ,rent then go br very confused?
Posted: Tue Oct 30, 2007 8:32 pm
by MelanieGiles
If you have made up your mind to move out of the property and declare yourself bankrupt, I would personally do this as soon as possible in order to avoid a failed credit check. Be open and honest with your mortgage company as to why this is being done, rather than just moving out and posting them the keys.
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp
See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp
Posted: Tue Oct 30, 2007 9:37 pm
by ray_a
It bwould be better to rent before bankruptcy and be honest with lettings agents. Be prepared to make a six month deposit.
Posted: Tue Oct 30, 2007 9:40 pm
by mish1953
Before - trust me !
Mish
Posted: Fri Nov 02, 2007 3:37 pm
by acorn
If your renting privately and the go bankrupt what happens ....
Is the Landlord made aware ?
If there is no problem regards paying the rent prior, problem ?
Posted: Fri Nov 02, 2007 3:43 pm
by Sadsack
Trust me too - BEFORE!!!!!!!! Do it now, it will save a nightmare!!
Sue
Ho Hum! Think I'll bang my drum!
Read My Blog
http://sadsack.blogs.iva.co.uk/
Posted: Fri Nov 02, 2007 4:25 pm
by acorn
Well my IVA proposed meeting is on 15th Nov and I MOVE to new
rental accom on Dec 8th..
So I was just wondering what happens once I moved in to new place and later on if the IVA didnt make it and I go bankrupt what
happens in that regard and I have been paying the rent with no probs
Posted: Fri Nov 02, 2007 5:42 pm
by Sadsack
Hi Brian
Any reason why you would think your IVA might not go through?
Sue
Ho Hum! Think I'll bang my drum!
Read My Blog
http://sadsack.blogs.iva.co.uk/
Posted: Fri Nov 02, 2007 11:26 pm
by acorn
No reason, but always thinking about if it doesnt ! and what the alternatives are otherwise
Posted: Mon Nov 05, 2007 9:29 am
by Sadsack
As far as I understand it Brian, if you were to go BR whilst in rented accommodation, as long as you are up-front and honest with your landlord, I cannot forsee any problems.
I am presently in my own home which I am going to lose due to BR, have found rented accommodation through a private landlord and was open about my BR and he was absolutely fine with it.
Good luck with whatever you decide.
Sue
Ho Hum! Think I'll bang my drum!
Read My Blog
http://sadsack.blogs.iva.co.uk/
Posted: Mon Nov 05, 2007 12:30 pm
by andymac
I am in rented housing and recently went BR. The OR told me during the interview that as long as I gave her a copy of my rental agreement, she had no reason to contact the landlord.