UK Bankruptcy Law

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Related UK Bankruptcy Law Questions
After some advice. I know someone who is a taxi driver, 20
Hi, after some advice. I know someone who is a taxi driver, 20 years, never declared any income ever. If he went bankrupt would that wipe out any taxes he owes? … read more
JimLawyer
JimLawyer
Consultant Solicitor
Graduate Diploma In Law (Advanced)
302 satisfied customers
Hello, I am considering bankruptcy and have a joint mortgage
Hello, I am considering bankruptcy and have a joint mortgage with my wife, what will happen to the property? I have two children also living there, my debts are well over £15000, I am self employed an… read more
James Mather
James Mather
78 satisfied customers
Dear Sir In 2004 my now deceased husband took out a loan from
Dear Sir In 2004 my now deceased husband took out a loan from swift finance for £5000 forcing me to act as guarantor as he was out of work at the time, the only way he could get the loan was a secured… read more
James Mather
James Mather
78 satisfied customers
Dear Just Answer, We have a court case against a former
Dear Just Answer, We have a court case against a former employee which hasn't gone to trial yet. He has just sent a notification to us that his solicitors are no longer acting for him and that he is f… read more
James Mather
James Mather
78 satisfied customers
My partner and I are not married we have £250,000 in mortgage
My partner and I are not married we have £250,000 in mortgage and secured debt. The house is worth £130,000. I earn £10,000 a year he earns £120,000 a year. We are separating and he says if I don't pa… read more
Alex J.
Alex J.
Solicitor
LLB
62 satisfied customers
Our home has a large Interest only mortgage on it. As we lost
Our home has a large Interest only mortgage on it. As we lost our business in 2008, our business loan that was secured against the residential property was passed to the Recoveries section of Lloyds T… read more
James Mather
James Mather
78 satisfied customers
My Sister got into difficulty with her Mortgage (among other
My Sister got into difficulty with her Mortgage (among other debts) ,Due to the severe stress of the issues she became unwell, I took on a temporary power of attorney and I contacted the Bank, drew up… read more
UK-Justice
UK-Justice
Master's Degree
11,008 satisfied customers
In Jan. 2008 I bought a buy to let property for £110K with
In Jan. 2008 I bought a buy to let property for £110K with joint funds, but registered only in my name. In March 2009 I took out a £75K mortgage to help pay unsecured creditors. In 2010 my wife wanted… read more
Alex J.
Alex J.
Solicitor
LLB
62 satisfied customers
i am at present in arrears of £3,286.96 from one of my lender,
i am at present in arrears of £3,286.96 from one of my lender, would you be able to advise me for the best way to solve this?… read more
Joshua
Joshua
Lawyer
LL.B (Hons), Prof. Dip. Law & Pract
63 satisfied customers
I am under a bankruptcy order which ends in March 2012, however
I am under a bankruptcy order which ends in March 2012, however I have agreed to pay an io for 36 months which will end in Oct 2014. In the meantime I will be off on long term sick leave due to a hip … read more
F E SMITH
F E SMITH
Solicitor
Bachelor's Degree
11,261 satisfied customers
whilst going bankcrupt will my mortgage arrears be wiped clean?
whilst going bankcrupt will my mortgage arrears be wiped clean? or will this be classed as a secured debt and something that will have to be paid back regardless.… read more
Senior Partner
Senior Partner
Bachelor's Degree
4,582 satisfied customers
Scenario I was married (still married, now separated) with
Scenario: I was married (still married, now separated) with a mortgage in my name only. A secured loan was taken out against the property in joint names. I did question why joint signatures were requi… read more
Buachaill
Buachaill
Barrister
Master's Degree
22 satisfied customers
Hello How long do you have to declare been a discharged
Hello How long do you have to declare been a discharged bankcrupt in the UK when making loan applications? I thought it was 6 years from the discharge date?… read more
Max Lowry
Max Lowry
Advocate
Bachelor
69 satisfied customers
My problem relates to the two questions you answered on 10th
My problem relates to the two questions you(Joshua) answered on 10th and 20th August. I would like to sell my buy to let property to my wife. However, if I do this before 1st January 2012 I will face … read more
Alex J.
Alex J.
Solicitor
LLB
62 satisfied customers
Hi, We need help.We have a secure loan and mortgage on the
Hi, We need help.We have a secure loan and mortgage on the house. We are way behind with both and in arrears on both.The secure loan has a possession order (I think thats what is called) through the c… read more
UK-Justice
UK-Justice
Master's Degree
11,008 satisfied customers
i have a second charge on my house to a creditor. Im thinking
i have a second charge on my house to a creditor. I'm thinking of going bankrupt, will bankruptcy annul the second charge or will that continue. Also the creditor that has the second charge has also a… read more
Max Lowry
Max Lowry
Advocate
Bachelor
69 satisfied customers
Not sure if this is the correct sub category...My ex-partner
Not sure if this is the correct sub category...My ex-partner and I took out a loan about 5 years ago for £25,000. Of this sum £3,900 went to pay off my credit card and the rest was for his various loa… read more
Max Lowry
Max Lowry
Advocate
Bachelor
69 satisfied customers
Our son and his wife are in the process of getting a divorce.
Our son and his wife are in the process of getting a divorce. They are heavily in debt and their house has a repossession order on it. The mortgage interest is being paid (she is now on benefits) - bu… read more
F E SMITH
F E SMITH
Solicitor
Bachelor's Degree
11,261 satisfied customers

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Meet the Experts:

Max Lowry

Max Lowry

Advocate

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Alex J.

Alex J.

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Buachaill

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John Knox

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solicitor with 8 years experience

James Mather

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Joshua

Joshua

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F E SMITH

F E SMITH

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11,261 satisfied customers

Ll.b Hons and 30 years qualified

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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