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| The independent answer to your debt problems | login join |
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smc004
| 05-12-2011 07:42 PM |
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Joined: 05 Dec 2011 Posts: 1 | I am thinking of going bankrupt in 2012, I owe around 30.000 in unsercured debts. Will i loose my home? mortgage is 128.000 plus 1200.00 arrers. Paid 150.000 for it with a deposit of 22.000 so balance outstandind is 128.000 value is around 132.000 on a very good day. I an currently jobless,my girlfriend has the only wages coming in. just enough to pay mortgage and bills. |
| DW George | 29-12-2011 02:51 PM |
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Joined: 01 May 2007 Posts: 1037 My Profile | With such a small amount of equity the OR would not be interested in forcing the sale of the house. Such a sale would incur fees and achieve a smaller price. So in your case the OR may dispose of his interest in the house for a nominal fee eg £1. |
