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 Would we be accepted for bankruptcy ?

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T O P I C    R E V I E W
Mark.cg Posted - 20 January 2011 : 16:59:16
hi, me and my wife are in negative equity on our house. i have been laid off work, but my wife still works. her wage doesnt cover the food and utility bills. could you please give me advice on whether you think we would be accepted for bankrupcy. we have not paid the mortgage for 7 months and the bank are now sending us letters, which are very worrying
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Niobe Posted - 20 January 2011 : 18:08:39
If you are in an IVA then you would have to let that fail before declaring bankruptcy.

Buckle your seat belt Dorothy, 'cos Kansas is going bye bye.

Jan
xx
Richard P Posted - 20 January 2011 : 18:03:57
Hi Mark

you would "qualify" for bankruptcy

unless still in IVA

or

UK has not been your centre of main interest for majority of past 6 months

regards Richard

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