Raiz
|
It's gonna be the bank's property and they may sell it so they can get the money. |
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Scott R
 |
It depends on what type of bankruptcy you are declairing. But I know this much for sure. You can choose what things you put on the paperwork. Anothrwords you dont have to put your house down to be dissolved in the bankruptcy. Scott |
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tru1120
|
depends on how bad in debt you are. they could take it away.. |
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david m
|
Not really too sure.
But can I have your email?
mine is renhoicuk@yahoo.co.uk |
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dumplingmuffin
|
they would sell it to pay off your debts |
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nice_libra_guy
|
It would be auctioned and the buyer will have to pay the mortgage amount to the bank, and the rest will be used to pay off other debts! |
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kma22263
|
The bank now owns it outright and you're S.O.L. |
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sparkleythings_4you
 |
I think the bank repossesses it, but I could be wrong |
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chrisraska
|
When you are declared backrupt every last thing that you own is sold on public auctions and than used to repay as much of your debts as possible. You'll have nothing to your name except for personal items such as pictures. |
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adpeucom
 |
If you owned the house i.e. no mortgage - nothing - you are left with the bare essentials i.e. food, clothes & shelter. If you owe a mortgage - depends on how nice the bank is - but usually they will take it off you - but "might" rent it to you with help from the government |
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spike
|
transfer it in yout childrens name
put it in a trust |
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peggy*moo
|
I'm afraid it would go to the bank / building society / whoever that provides your mortgage - to pay off that mortgage. |
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tsbray
|
Well this is pretty simple -- you would lose it to the bank. But in the past if you were free and clear, you were allowed to sell your house to another person, but you still have a mortage, so I think you are screwed... Sorry! |
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ā¯‚ BlueBerry ā¯‚
 |
your bank would take ownership of the house. |
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