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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 grahamdh[/i] [br]Hi I am about to go bankrupt and have a couple of questions: 1. I have approx £150K of credit card debt, around £250K debt to HMRC, and I have a secured loan of £75K on the house. With the secured loan and the mortgage I owe around £300K and the house value is around £295K so we have just dropped into negative equity. The house is in joint names, My wife does not work and I have been self-employed for the last year but have just lost my main source of income. We have three kids (5,9,and 11) living with us. My question is, what is likely to happen to the house? There are no current arrears and I am hopeful of picking up another contract to maintain the payments. 2. We have two cars one in my name, valued at £800 and one in my wife's name valued at £4,800. I need one for work, she needs one to take the kids to school. I moved the latter into my wife's name last year. Will I be made to sell the car, can I keep both, or will it be better to sell the expensive one before going bankrupt? Many thanks Graham [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.