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 I have a property abroad that I cannot sell.
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Starting Member

1 Posts

Posted - 14 February 2015 :  16:46:49  Show Profile  Visit Matt.68's Homepage  Reply with Quote
I have a property abroad that I can not sell and might have to go bankrupt. Will they make me sell it for less? Or can I keep it? My father has helped me pay for it. But not on deeds? Does this help


United Kingdom
4590 Posts

Posted - 14 February 2015 :  17:01:40  Show Profile  Reply with Quote
Hi and welcome

This will be classed as an asset and you may well have to sell it. Any shortfall would go into your BR but your father would probably be out of pocket unless he can prove an involvment and he would subsequently become a creditor.

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 - 14 February 2015 :  19:33:35  Show Profile  Reply with Quote
Hi Matt,

Do you live in this property or are you renting it out?

How much is it worth and how much do you owe on it?

How much has your Dad contributed and do you have a paper trail of this?

How much are your other debts? And do you have any other assets?

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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