we was made bankrupt in august 2009 have a mortgage which is not in arrears and have a secured loan (first plus) which is now 3 months in arrears as the offical receiver not allowing us to pay in our living expenses - do we hand the keys in and walk away (hoping any shortfall goes in the bankruptcy) wait for the loan company to repossess and then hope our local council will re-house us or try and rent privately which is a lot more expensive (we also pay a ipo for the next 3 years - dont know what way to turn have had lots of advice but very confusing
have you spoken to the experts that have been recommende to you? No one can make the decisions for you only point you in the right direction and that would be to get advice from trusted reputable professionals like Paul Johns at Revivauk or Mel at Jones Giles realsitically they are probably goimg to be the only ones who can advise you your best course of action giving your circumstances
i reiterate that you need to speak to someone who does this for a living
your case does highlight the benefit of getting good advice before BR and planning everything so there are no surprises afterwards timing and planning and getting your ducks in a row can make all the difference
Dave
Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.(Baz Lurman) RevivaUK helped me through it all i can't recommend them enough!!
we was made bankrupt in august 2009 have a mortgag
Posted - 24 November 2009 : 20:09:09
