Both myself and my husband are considering declaring bankruptcy and are joint on out mortgages. We have 4 children, the youngest being just 3 weeks old. Do you know if we would have to move out of the property immediatley, as we are really worried as we would have nowhere to go.
What equity is there in your property and also do you have any arrears or other secured loan on it.
Are you able to continue to pay the mortgage, what i mean is can you afford it if you did not have the other debts.
What other assets do you have?
Sorry for all the questions just trying to build a better picture.
Jo x Wishing you A Very Merry Christmas & A Happy Debt Free 2009
20 Weeks down
32 to go
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called: Needafriend's Info on Bankruptcy :-) http://debtfreejo.blogs.bankruptcyhelp.org.uk/ Needafriend says: Live life to the full, take life by the horns and live a little, otherwise life would be so boring!
would we have to move out of the property immediatley
Posted - 22 December 2008 : 08:30:39
