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(, Sun 1 Apr 2001, 1:00)
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Really?
A friend had to declare herself bankrupt when the father of her two kids shagged the babysitter, then fucked off to the Philippines leaving her with shit loads of debt. She was able to keep the house.
(, Fri 18 Feb 2011, 11:51, 1 reply, 15 years ago)
it depends entirely on the circumstances
if the trustee in bankruptcy thinks the house is adequate, you'll stay there. if he thinks it's excessive, it will be sold so that something smaller can be purchased.

but it really is a last resort thing, you'd never get a mortgage again!
(, Fri 18 Feb 2011, 12:13, Reply)

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