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T O P I C R E V I E W
Phil123
Posted - 05 October 2010 : 20:48:56 I live in france in a 1 bed bungalow with my wife and child of 12, I am thinking of going bankrupt but worried about the house which is in joint names, morgage is 87000 euros and we had it valued at 120.000 euros. I understand that all selling fees come out of my equity does this mean the solicitors fee as well because i think estate agents here charge 6% and solicitors fee is quite large, so i dont think there is much if any equity in the property. if there is a little could my friend pay the nominal £1 plus charges so that i could keep my house?
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Reviva UK
Posted - 06 October 2010 : 08:43:12 Hi
I Think this is a duplicate post.
However regarding the equity, the OR doesn't take out selling costs when calculating equity.
It is up for negotiation but not a given
Paul Johns Bankruptcy Specialists Reviva UK www.revivauk.com 08454 751 851