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 Should I cut my losses and apply for bankruptcy in the UK ?
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Starting Member

1 Posts

Posted - 31 March 2014 :  18:42:54  Show Profile  Visit Maria.05's Homepage  Reply with Quote
My house has been sold at a loss the debt remaining is 130,575EURO's I am separated and I have no contact with my partner. The property is in Ireland. The Bank want 807EUROs per month for the next 14 years which is a chain around my neck for a long time. I currently live in the UK now. Should I cut my losses and apply for bankruptcy in the UK? However I work in finance and I don't want it to affect my carrer. Also how restrcited would my wages become?


United Kingdom
4590 Posts

Posted - 31 March 2014 :  19:10:14  Show Profile  Reply with Quote
Hi and welcome to the forum.

I take it we are talking about Eire rather than NI?

If you apply for BR here then any DI over £20 per month will all go towards your BR.

I suggest that you speak to an expert, either speak to one of the experts that post on here whose details can be found on the left hand side of the page or speak to CAB.

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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forum expert

United Kingdom
2211 Posts

Posted - 31 March 2014 :  19:50:12  Show Profile  Reply with Quote
Hi, I suggest you find out how insolvency proceedings would affect your job before you do anything. Then seek advice from an expert and see what your options are.

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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