Hi, five and a half years ago I had to sell a property as I could not afford the mortgage. I used the proceeds of the sale as a deposit for another property, and signed it over to my son, who took out a mortgage in his name, and we now pay rent to him to cover the mortgage and we live in the property. is bankruptcy an option now?
You can declare BR at any time. Are you concerned that the property you signed over to your son would be taken as part of the BR? What are your other debts/assets?
is bankruptcy an option ?
Posted - 27 August 2010 : 22:18:27
