All Forums  archive  Forum Questions  I hope someone can help. horrible vicious circle

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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 JoClarke[/i] [br]I hope someone can help. I've been trying all the debt charities and the government insolvency department too but nobody seems to be able to give me an answer to what seems to be a rather complicated question. My husband and I are currently being sued by ebay for about £2000000 because we sold some cosmetics in Europe which we had bought in the USA (from ebay!!). In order to defend ourselves, we have had to take on a pretty expensive solicitor. We have now run out of cash and our only option is to release some equity from either our home or another property we own. We cannot defend ourselves without a solicitor as the outcome of the case is by no means certain and it's our only hope of either have the case dismissed or the charges awarded to ebay being minimised. If we lose, it is likely that ebay will petition to bankrupt us. In the light of possible bankruptcy, would the Official Receiver be likely to frown upon us remortgaging or securing a loan against the only assets we have left in order to pay the solicitor's bills which are our only way to avoid bankruptcy? Bit of a horrible vicious circle really. [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.