All Forums  archive  Forum Questions  I am contemplating bankruptcy,

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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by Martin.i[/i] [br]I am contemplating bankruptcy, and my half of the equity in my house equates to approx £15k. I cannot face the prospect of my young family (4 mnth baby and 6 yr old + partner) having to move out of our house. I recently received a court judgement for £26,000 on a failed-business overdraft that I personally guaranteed. It is my beleif that the bank to whom the overdraft was with, are going to put a charging order over my property, for my half of the equity. Do you beleive it would be wise to let this happen, and then go bankrupt, based on the fact that any equity would be owned by my partner and the bank? I appreciate any help. [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.