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T O P I C R E V I E W
Adam26
Posted - 02 October 2009 : 08:51:29 I can not not afford to pay my mortgage, i have also got abot 15000 in unsecured dept, is it best to declare myself bankrupt
1 L A T E S T R E P L I E S (Newest First)
Blackie
Posted - 02 October 2009 : 09:48:24 It may be the best option to make yourself bankrupt, move into rented accommodation and request that your house be 'voluntarily repossessed'. If there is equity in your propery, the OR will take this to help pay the creditors and his costs. If not, any shortfall will revert to an unsecured debt and be written off in the bankruptcy.
