All Forums  archive  Forum Questions  would we still be able to keep the property?

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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by glenonline[/i] [br]hi, sorry but this is my first and long winded question, my wife and i are considering bankruptcy, we have a mortgage but have negative equity in it, but we have a second mortgage for a sum of 10,000 with kensington, and i believe water rates debts have been charged on the property also,and possibly one of my wifes credit cards (i know the words burying, head and sand apply) would we still be able to keep the property as i assume these debts would not be taken by bankruptcy? also if i could repay the first charge but not the others what would happen there?? am i better to just start again now and give up our home?? finally - if i go bankrupt and the negative eqiuity is written off how come the other charges cant be instead giving you the chance to at least save your house and honour the main debt?? kind regards glen.............. [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.