will I keep my house in bankruptcy

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hardwood

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Post by hardwood » Tue Feb 26, 2008 9:02 pm
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I have only lived in my house for one year is it possible that because of the current market and the lack of equity that i will keep my house.
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MelanieGiles

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Post by MelanieGiles » Tue Feb 26, 2008 9:09 pm
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Hi hardwood and welcome to the forum

It will depend whether you have equity in the property or not, which from the wording of your enquiry seems unlikely. If there is no or little equity, you can get a friend or family member to make an offer to acquire your beneficial interest in the property for a nominal sum, which will then exclude the property from the estate.
Regards, Melanie Giles, Insolvency Practitioner
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