I've been struggling to pay my creditors for over 2 years now and infact some are getting nothing. I owe about 70k unsecured and only derive income from 11 houses I own which are rented out. They are mainly DSS tenants and the income is variable at best. Its such hassle getting money in and sorting repairs etc that I wonder if it would be better to throw in the towel. The properties are largely only worth the mortgages they have on them at the moment and the only thing that keeps me going is the hope that one day they will be worth something. If I was to go bankrupt would they be taken off me eventhough they are my only income? Thank you
I've been struggling to pay my creditors
Posted - 02 July 2010 : 12:56:12
