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 Had to sell house because of threats from loan shark. Will I be able to file for bankruptcy ?

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T O P I C    R E V I E W
Chrisd7134 Posted - 20 June 2013 : 23:25:27
Hi, I need a little help, I am selling my house which I jointly own with my ex, we have two children, my problem started in 2008 when I was laid off from work, I fell into debt and sort advise from cccs they took control and have been a great help, things got out of control when I got a loan from a loan shark and it has spiralled and as a result, we have had to sell the house because of the threats, I owe him now 20k, my ex will take approx 50k to re house herself and my children, I will go into rented accommodation but I will have to file for bankruptcy, will the court grant me? I know I have been stupid but its the only I can get him away from me and the treats to my children, many thanks.
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Niobe Posted - 21 June 2013 : 08:32:41
Hi Chris and welcome to the forum.

Sorry to hear about your problems. Have you reported this loan shark to the police?

The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant


Viki.W Posted - 21 June 2013 : 06:08:37
Hi Chris,

How much equity is there in the house?



Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp

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