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Posted: Sun Mar 08, 2009 4:37 pm
by hara33
Hello,

If you ask a bank to repossess your house, do you have to become bankrupt?

Posted: Sun Mar 08, 2009 4:44 pm
by kallis3
I don't think you have to become bankrupt, but you would have to make sure that you could fund any IVA payments and the shortfall from the sale of the house.

Posted: Sun Mar 08, 2009 10:23 pm
by David Mond
Plus any other unsecured debts that you might have.