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 Had to sell house because of threats from loan shark. Will I be able to file for bankruptcy ?
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Chrisd7134
Starting Member



1 Posts

Posted - 20 June 2013 :  23:25:27  Show Profile  Visit Chrisd7134's Homepage  Reply with Quote
Hi, I need a little help, I am selling my house which I jointly own with my ex, we have two children, my problem started in 2008 when I was laid off from work, I fell into debt and sort advise from cccs they took control and have been a great help, things got out of control when I got a loan from a loan shark and it has spiralled and as a result, we have had to sell the house because of the threats, I owe him now 20k, my ex will take approx 50k to re house herself and my children, I will go into rented accommodation but I will have to file for bankruptcy, will the court grant me? I know I have been stupid but its the only I can get him away from me and the treats to my children, many thanks.

Viki.W
forum expert



United Kingdom
2211 Posts

Posted - 21 June 2013 :  06:08:37  Show Profile  Reply with Quote
Hi Chris,

How much equity is there in the house?



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 - 21 June 2013 :  08:32:41  Show Profile  Reply with Quote
Hi Chris and welcome to the forum.

Sorry to hear about your problems. Have you reported this loan shark to the police?

The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant


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