What Happens If I Let My Property Be Repossessed?

hole in a wall

Question Jon, My partner and I bought a property to let out a few years ago, and while we have had tenants in the property, they began to fall into arrears with the rent, and eventually we had to go through the process of having them evicted. When we finally got the property back it […]

Can I Include a Repossession Shortfall In Bankruptcy?

bankruptcy petition

Question Was made bankrupt last June via email. I had a ltd co loan secured on a property that was repossessed, undersold and then the bank chased me personally for the £800,000 shortfall. Can I write off/set off the outstanding using PAP or affidavit? Answer Robin, Your situation and questions are more of a legal […]