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T O P I C R E V I E W
Joanna.je
Posted - 14 March 2011 : 21:15:58 Does a declaration of bankruptcy discharge all debts, ie. a loan? Also, I have a property on which there is £3,500 yet to pay before completion of the mortgage .... will I be expected to sell my house to realise the asset value for the creditors?
3 L A T E S T R E P L I E S (Newest First)
Niobe
Posted - 15 March 2011 : 09:02:43 I agree with Richard - if you have a lot of equity you stand a chance of losing the house.
Do take some advice.
How much do you owe in unsecured debts?
Double, double toil and trouble; Fire burn, and cauldron bubble.
Jan xx
Richard P
Posted - 15 March 2011 : 08:34:40 joanna
if you have a house with lots of equity, please can i suggest getting expert advice. (column to left) The experts can give cross board advice on all options available
Bankruptcy may not be the best advice
Richard
debtinfo
Posted - 14 March 2011 : 21:24:10 it does discharge most debts but there are exceptions, what types of debts do you have and i can teel you what would or would not be included.
On the house, what is it worth and how many debts are secured on it (with values)
