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 a chance to plead to the court ?
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calli.c
Starting Member



37 Posts

Posted - 24 September 2008 :  11:32:46  Show Profile  Visit calli.c's Homepage  Reply with Quote
I have a public house. I owe thw VAT and the Inland revenue £20,000 each. I have received notice that they are going to file for bankruptcy. I jointly own a property which i have recently tried to sell to pay off my debt but no lenders will give me a mortgage. I dont understand what will happen next. will i have a chance to plead to the court.

JulianDonnelly
Junior Member



United Kingdom
325 Posts

Posted - 24 September 2008 :  11:34:22  Show Profile  Visit JulianDonnelly's Homepage  Reply with Quote
Hi Calli.c and welcome to the forum.

In order to give any useful advice, a bit more backgroungd information is needed. For example, what is the house worth and what is secured against it?

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367
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John
New Member



United Kingdom
73 Posts

Posted - 24 September 2008 :  11:35:32  Show Profile  Reply with Quote
Hi
I assume you mean, re the jointly owned property, that you are trying to sell BECAUSE you cannot remortgage.

How much equity is in the jointly owned property?

www.Bankruptcyhelp.org.uk
0800 078 9367
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