Providing our customers with a useful assessment to help them with a bankruptcy eviction case.
Trustee in Bankruptcy Eviction
If you have previously been made Bankrupt, and the Trustee of the Bankruptcy is now taking possession of your home, then you are in a very different and more difficult position.
From the time you are made Bankrupt, the Trustee cannot apply for possession of your home for a period of 1 year and is unlikely to do so if there is no equity in your home.
Equity In Your Home
If you have equity in your home, however, then they will come after your home in order to pay their fees for having handled your Bankruptcy, if there is anything left, then the original creditors may even be paid out of the proceeds.
Expired Mortgage Term
Similarly, with when a mortgage term expires, the Judge has no real Legal Authority to be able to stop your eviction, there are occasions where evictions have been postponed for very short periods of time, but essentially, the Trustee owns the asset and it is up to them to decide what happens to it.
There are often complications with a marital home whereby only one of the owners was made Bankrupt and the other owner still owns 50% of the equity, however this does not stop the eviction, it simply means that after the property has been put through a forced sale, the Trustee must return half of the Equity released to the second owner of the property, you will still be homeless in the meantime and the property will typically be sold significantly under value.
What Can Be Done?
Time is very much of the essence with Bankruptcy evictions, and every Bankruptcy is even more individual than a mortgage repossession case so we need to discuss the Bankruptcy with you in some detail to make the necessary assessment.
You, therefore, need to call us on 0800 298 0571.
Get Instant Expert Help Right Now
What people have to say about Home Owner Management Services
Thank you so much for your help. We can now keep our home for the long term. We now have to pay our Lender a monthly payment we can finally afford after a year of turmoil. The hardest thing was unpacking all the boxes we had already packed because we thought there was no hope.
Everything you did for us was so quick and professional, our home was saved before we knew it, it took some time to sink in, but they really did achieve what we thought was impossible. In less than 24 hours of phoning them the eviction order was cancelled.
With the weight off our shoulders we can concentrate on living again and earning the money we need to pay the mortgage without living in fear of the Bailiff knocking on the door with an eviction order!
I really had my head in the clouds as I believed I now had no where to turn. I had already made my appointment with the council to assess me for emergency housing. However my council said they could only find me a hostel to stay in. 1 call to Aggressive Lender Solutions and I no longer had a problem.
They resolved the Eviction order in a matter of days, giving me every confidence that they could achieve it, every step of the way. I don’t know where Id be if they didn’t help.
I really can’t thank you guys enough. I was certainly headed for another breakdown, however, the sheer weight of your support saved me from despair and I am sat at home nice and warm, in familiar surroundings thanks to you.
I can’t believe, looking back, how much time I wasted trying to convince the lender to let me stay, so many documents and offers, my only regret is honestly not phoning you sooner.
I was at a total loss at what to do with my situation, having been a mortgage broker, I was convinced I had the ability to talk to my lender and negotiate however; nothing I could offer was good enough!
They explained the process to stop the eviction and when it all came together it was like a case of De Ja Vu, it went EXACTLY as they said it would. They got me enough time to save up my deposit to go and rent, and I just let the lender have the house because I had negative equity anyway.
I am now back to a comfortable state of living and have no stresses anymore. I didn’t have to borrow any money from anybody because I didn’t have to pay the mortgage while I was saving up for my rent.
The best part was having the ability to remove my belongings at my own pace, and it not being done for me! I didn’t need to arrange storage or anything. I cant begin to express how grateful I really am!