Bearing in mind how one has to account for sold assets pre bankruptcy what view does the OR have if you have saved cash in accounts because you have stopped paying mortgage etc. If you take it out when account is closed dont they ask for it back? We want to put monies aside for a rent bond and moving. Do they allow for this?
Also how does the OR view you renting a property and not moving in straight away because of schools etc. So you may have paid rent for a month or two before BR.
We have our house up for sale. If we stop paying how long would a possession order take. We are already in arrears. Or would the mortgage company let us be if they know we are going to apply for a BR. I have heard they let you stay in a property for a year post BR, is that the case even when you cannot afford the full mortgage?