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 I live in france and thinking of going bankrupt
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Phil123
Starting Member

2 Posts

Posted - 05 October 2010 :  20:48:56  Show Profile  Reply with Quote
I live in france in a 1 bed bungalow with my wife and child of 12, I am thinking of going bankrupt but worried about the house which is in joint names, morgage is 87000 euros and we had it valued at 120.000 euros. I understand that all selling fees come out of my equity does this mean the solicitors fee as well because i think estate agents here charge 6% and solicitors fee is quite large, so i dont think there is much if any equity in the property. if there is a little could my friend pay the nominal £1 plus charges so that i could keep my house?

Reviva UK
Advanced Member

United Kingdom
2452 Posts

Posted - 06 October 2010 :  08:43:12  Show Profile  Reply with Quote
Hi

I Think this is a duplicate post.

However regarding the equity, the OR doesn't take out selling costs when calculating equity.

It is up for negotiation but not a given

Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com
08454 751 851

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