Experience of Barclays and Next - Insolvent Estate but JT home

[blackforesthotchoc]

Could really do with peoples' experiences here to help me see how it's likely to go!

One of my parents has died recently leaving a rather expected amount of debt with £5k Next store card and with Barclays (>£10k+ interest loan and credit card of a few thousand). There is no money in the estate, but they did jointly own (as joint tenants) their house. I know that normally the house would just pass directly onto the surviving joint tenant without entering into estate. But also know that the creditors can enforce an insolvency order if they so wish onto the house in order to release any available capital.

My question is about peoples' experiences in this case with Next and Barclays? Have you found that either will put in place and enforce an insolvency order? Have they responded to offers or negotiations for a proportion of the amount to try and head an order off at the pass? Feeling really stressed about it as didn't even realise that they had any debt!

Hopeful bump

Hey, I don't have experience of this exact scenario, but I've dealt with my father's insolvent estate.

In our case, there was an asset, a £5k car, but it didn't cover the debt.

I employed a solicitor to sort it all out. So she put the necessary notice in the gazette, contacted all of the creditors and sorted it all out. Her fee is a priority debt, so if there are any assets, their money comes out before the debts she's sorting.

So basically, I'd find one to handle this estate.

Nobody pursued the debt.

Thanks - seeking to do it ourselves to minimise costs really, and because the process itself including asking/negotiating with the creditors isn't difficult, it's more wondering whether the negotiation is likely to have a 'happy ending'

I've experience of this if you want to pm me

My friends dad died with vast debt his wife knew nothing about, she was told to ignore it all as in his sole name and if you take responsibility for even one penny they can make you liable for all. They were also joint homeowners.