I was declared bankrupt last year
And the Receiver told me they rarely go for the house if you're willing to eventually pay, because judges just don't see it's in anyone's interests for the debtor to lose the house. Hard to get a job and pay off your debts living on the streets. It's basically a last resort, and still takes a good 18 months/2 years to happen even if your trustee is someone acting for your creditors (not recommended).
btw: don't go bankrupt, it's a fucking expensive business. I owed 6 grand, and after fees and practitioners and whatnot I'm paying off 18 thousand pounds.
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gingerfreak Why? Why not., Thu 1 May 2014, 21:57,
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