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 Can I declare myself bankrupt and hand my house in Spain over to the bank ?		  New Topic  Reply to Topic
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Willie.br
Starting Member



1 Posts
Posted - 02 May 2012 :  16:47:42  Show Profile  Visit Willie.br's Homepage  Reply with Quote
I own a home in Spain and I'm upside down on my mortage. I have moved back to the UK and I'm living in rental accommodation. I have been trying to seel/rent the house in Spain for two years and have been unable to sell. I can no longer afford the mortgage payments. I do not have a job. Can I declare myself bankrupt and hand the house in Spain over to the bank?

debtinfo
forum expert



2826 Posts
Posted - 02 May 2012 :  18:00:29  Show Profile  Reply with Quote
how long have you been back living in the UK and is there any equity in the property in spain, do you have any other assets or debts
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pcoventry
Junior Member



United Kingdom
235 Posts
Posted - 02 May 2012 :  18:16:52  Show Profile  Reply with Quote
The guy in front of me this morning was a solicitor and had only lived in the UK 2 months.. He was declared bankrupt same time as me.

Just wanted to say! :)

::edit:: although he may have just fired himself according to the government website :/
Edited by - pcoventry on 02 May 2012 18:28:49
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Viki.W
forum expert



United Kingdom
2211 Posts
Posted - 02 May 2012 :  18:23:15  Show Profile  Reply with Quote
Hi williw,

Please speak to an expert on here to chat through your situation and see what options you have.



Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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Niobe
Administrator



United Kingdom
4590 Posts
Posted - 02 May 2012 :  19:27:00  Show Profile  Reply with Quote
I agree with Viki that you should speak to an expert for some free advice.

pcoventry - which government website are you talking about?

Follow through
Make your dreams come true
Don't give up the fight
You will be alright
'Cause there's no one like you in the universe



Jan
xxx
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