question category: Bankruptcy
If I become bankrupt and my house has negative equity will my mortage company let me stay
I have been advised that I should go into bankruptcy in order to clear my debts. I have an interest only mortage. The property is now in negative equity. I have kept up with my mortage payments and have no arrears, my question is would the receiver allow me to keep my house, and would my mortage company also allow me to continue paying the mortage even though I was bankrupt?
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