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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 framus59[/i] [br]Hi, I hope you can help with advice with my question, thankyou. I have had debt now for a few years with outstanding credit cards of about £20,000. I also have the balance of a bank loan with interest of £25,000 which was over 7 years. I have 2 years to go with a balance of £10,000 I bought my house from the local council in The november 2007. With the discount from the council I paid £16,000 . I took the equity ( £30,000 ) from the house for home improvements which after legal fees was £27,000. Later after completing my home improvements I took out a £13600 loan from a loan company using my house as security. If I sold my hose withihn the first year of purchase then I would have to pay back to the council two thirds of the market value of the house. My mortgage was for 25 years for £46,000. I was working all through this time and was paying everything apart from my credit cards. It eventually came to the point when I could not pay things. I was depressed , worried and I panicked, I left everything and went to overseas to stay with relatives. I have been here for just about 10 months and I want to return and pay what I can . I would have a job when I return but what is really worrying me is will I have been declared bankrupt in my absence and do you think a prison sentance is inevatible. [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.