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T O P I C R E V I E W
sadi_93
Posted - 14 August 2011 : 06:58:13 Hi there, I currently own a home which is going to be repossesed very soon. i would like to declare bankrupcy so i can make a fresh start as i have a lot of negative equity in the property and once the repossesion is complete will leave me in a lot more debt then i am at the mment. i recently lost my job and as now a carer for my brother and living wih him. would it make any difference if i wait until the repossesion is complete or if i do it now?
3 L A T E S T R E P L I E S (Newest First)
Niobe
Posted - 14 August 2011 : 19:41:45 The OP is living with his/her brother as a carer so I don't think looking for anywhere else to live is a problem.
Follow through Make your dreams come true Don't give up the fight You will be alright 'Cause there's no one like you in the universe
Jan xxx
Richard P
Posted - 14 August 2011 : 12:26:48 finding alternative accomodation is the issues which may effect the timing or petitioning for bankruptcy
Good Luck Richard,
Niobe
Posted - 14 August 2011 : 08:34:05 Hi and welcome - I don't think it makes any difference when you do it as any shortfall will go into the bankruptcy anyway.
Hopefully one of the experts can clarify.
Follow through Make your dreams come true Don't give up the fight You will be alright 'Cause there's no one like you in the universe
