Friday, August 1, 2014

Bankruptsy help?! Where does my home stand?

Hi all,
I was declared bankrupt two years, 6 months ago. I have been living in my home on my own for two years which I own fully. The mortgage is interest only. I have been told by my mortgage company that the official receiver has been in touch with them during may and June. Does this mean they are interested in taking my flat? Is there any way around it? Please explain in basic terms as I'm a bit bad with all technical information! Thanks
Added (1). Sorry everyone, I have written this on behalf of someone I know. Obviously it's not to do with me I'm only 20! I was mistaken, she bought the flat 9 years ago and was renting it out but 2 years ago moved into it. She paid of some of her debts.

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