Yes - previous answer was nonsense. Understand the difference between being discharged from Bankruptcy rules and discharging the bankruptcy debt from assets at that time. This is never clearly explained to people. If you own a house, the Receiver will put a Caution against it as soon as you are made bankrupt and the equity available (50% thereof if owned jointly) must be paid to the Receiver via his trustee at some time - there is no limit. If you wish to discuss, see www.jfsnationwide.co.uk - no charge.
2007-01-24 21:13:07
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answer #2
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answered by Anonymous
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Depends...
If you were removed from bankrupty almost 5 years ago, then no...if it is due to this, then you will have to bring your paperwork down to the courthouse to prove that you are no longer under that umbrella and that your creditors have been paid the agreed upon sums.
If it is NOT related to that bankruptcy, but due to new bills owing, then yes - provided the creditor whom has moved to have your house ordered sold can prove (s)he made all legitimate effort to contact you (phone, registered letter, summons to appear, notices in the local papers, etc).
If you are going through legal problems and have no other assets, yes, they can if they believe you can not pay the bills you have pledged the house as collateral for.
If you are going through a divorce, yes...
etc...
Consult with a lawyer (most will give an initial free visit and opinion), and be as honest as possible about *anything* that could have caused the courts to take this step (up to and including bank and/or tax forclosures, or if you've used your home as collateral to secure bail monies, etc...)
2007-01-23 04:06:14
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answer #3
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answered by jcurrieii 7
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i think so ,get legal advice on this one . good luck.
2007-01-23 03:48:04
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answer #4
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answered by NIGEL R 7
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