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T O P I C R E V I E W
jane.m
Posted - 10 August 2008 : 15:04:05 Hi
If i decided to go bankrupt and my house is in negative equity but my mortgage payment was about 33% of my income is the or likely to make me sell my house and rent as I could probably rent for cheaper. Although I will have money left too pay about £350.00 to my creditors my debt id about £76000.
Thanks
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John
Posted - 10 August 2008 : 15:10:43 Hi jane no its not likely. Likewise if you were in a rental already, but could find a cheaper one if asked, the OR can't insist that you do so.
