Like I’ve said before there are two ways a Bankrupt can keep their house, let’s say the mortgage is £1 mil , and the house can be sold for Say £1020000Yes, I still don’t understand how she has kept the MM.
Let‘s say her mortgage is £1mill, and the house in its current state is worth £750grand.
It should be sold, the proceeds pay her mortgage, and the rest of the debt is added to her bankruptcy.
She could live with her mum, or rent a 2/3 bedroom place.
She doesn’t need 11 bedrooms and acres of land.
Someone can pay the £ 20,000, or if like you say you can sell the house for £750 grand and the mortgage is £1 million, the receiver cannot sell it because they are only entitled to any profit, end of the day it belongs to the mortgage company
It’s a shit tip and she remortgaged, Bankruptcy doesn’t get you out of paying the mortgage, the receiver has three years to decide, then she will get it back then it’s up to the mortgage companies