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T O P I C R E V I E W
linda11
Posted - 09 February 2010 : 17:42:18 My husband debt is 12 ,500 could he declare bankrupcy we dont want to lose our house we are both dsabled penstioners
2 L A T E S T R E P L I E S (Newest First)
Blackie
Posted - 10 February 2010 : 15:04:11 Hiya Linda11
If I can just clarify the siuation.
If you own your home, then your husband may need to declare himself bankrupt and if there is equity in the property, the Official Receiver would want to realise this money. However if you do not own your property, he would be eligible to apply for a Debt Relief Order as his debts are under £15,000.
All the best.
John Blackadder
gettingoutofdebt
Posted - 09 February 2010 : 18:25:21 Is there equity in the property? If so then the OR would want to release this so you may be forced to sell the property if he declared BR.
Before deciding anything you should get some professional advice. The following companies post on this board and are highly respected. They offer free advice and will only charge if you want their assistance in completing the BR forms or even accompanying you to court on the day:
