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Bankruptcy Advice Questions and Answers
| I am currently in an IVA agreement with my creditors. The problem I have is my mortgage is £880 per month plus £500 per month for a loan against the property. I am finding this £1380 per month is crippling me.I have an interest only mortgage of £170,000 plus £50,000 loan, the house is worth £170,000. If I went bankrupt would I be able to keep the house and continue paying the mortgage only and write off the £50,000 loan within the bankruptcy? I am considering going bankrupt and trying to start again but would try to keep the house if possible ? |
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| If I go bankrupt for £25000 and the house I live in is worth £150,000 with a £100,000 mortgage what happenss to the difference ? |
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| Will my partners home be blacklisted if I go bankrupt I do live at her address ? |
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