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T O P I C R E V I E W
Peterdh97
Posted - 27 September 2015 : 14:58:08 Hi, My son's business is failing and a supplier is likely to make him bankrupt. He has a mortgaged house with(I think) about 30K equity.His total debts are much higer than this. I have read the www but can't seem to get a clear answer as to whether or not they will force him out of his home. He is 40, married with 3 children under 16.
2 L A T E S T R E P L I E S (Newest First)
Niobe
Posted - 27 September 2015 : 18:02:57 Hi and welcome,
Agree with Viki - give her a ring for some free advice and she will be able to point you in the right direction.
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 - 27 September 2015 : 16:40:43 Hi Peter,
The official receiver will want his share of the equity. I suggest your son takes advice as soon as possible to see what options are available to him.