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 i have been advised to go bankrupt,
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Jan.gm
Starting Member



3 Posts

Posted - 15 February 2011 :  22:28:59  Show Profile  Visit Jan.gm's Homepage  Reply with Quote
i have been advised to go bankrupt, i have a joint morgage with my husband, at what point do we stop paying the morgage pending the bankruptcy or do we keep paying until the banckruptcy has gone through

debtinfo
forum expert



2826 Posts

Posted - 15 February 2011 :  23:01:27  Show Profile  Reply with Quote
do you want to carry on living there
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Jan.gm
Starting Member



3 Posts

Posted - 16 February 2011 :  07:48:17  Show Profile  Visit Jan.gm's Homepage  Reply with Quote
no we don't want to carry on living in the property, we know there will a forced sale

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debtinfo
forum expert



2826 Posts

Posted - 16 February 2011 :  08:10:00  Show Profile  Reply with Quote
how much equity is there
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Jan.gm
Starting Member



3 Posts

Posted - 16 February 2011 :  14:37:00  Show Profile  Visit Jan.gm's Homepage  Reply with Quote
i'm guessing little or none, maybe £5,000 . My car has been seized by bailiffs and a solicitor has advised me to go bankrupt as the company i was a director of 3 years ago went into voluntary liquidation owing £200,000 and myself and the 2 other directors are liable joint and several for the debts. the car was only worth maybe £1,000 so the bailiffs will probably be back for out furniture etc at some point

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