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 Is it wise to leave house in negative equity & rent now or after bankruptcy ?		  New Topic  Reply to Topic
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Callum.1
Starting Member



2 Posts
Posted - 31 August 2011 :  12:33:41  Show Profile  Visit Callum.1's Homepage  Reply with Quote
Currently residing in a house with negative equity, finical difficulties with high debt. Marriage broken down, spouse left marriage home. Filling for bankruptcy imminently. It is wise to leave the family home now to rent another property??? or wait until after the bankruptcy? Please help

Richard P
Senior Member



United Kingdom
1701 Posts
Posted - 31 August 2011 :  15:30:23  Show Profile  Reply with Quote
Hi Callum

you need to save to get a deposit for you rental property it will be easier to do before bankrupt


Good Luck Richard,
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Callum.1
Starting Member



2 Posts
Posted - 31 August 2011 :  22:14:57  Show Profile  Visit Callum.1's Homepage  Reply with Quote
Hi Richard,

I already have the deposit and the place i want to rent i was thinking more legal side, would it be better to stay in the family home till being bankrupt...... and would there be any legal side to be renting the property before the bankruptcy has gone through?

Thank you

Callum
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Richard P
Senior Member



United Kingdom
1701 Posts
Posted - 01 September 2011 :  18:26:14  Show Profile  Reply with Quote
no problem on legal side

timing when to move is down to you

Good Luck Richard,
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