I own a house with approx. £20k ish of equity based on current market values in my area. House worth £210k / secured debt £190k.
I have unsecured credit debt of £125k
I am currently on benefits after losing my job but I also receive interest relief payments so I am able to meet my secured debt monthly payments.
Would bankruptcy be an option for me without losing the house?
Would the OR use current house values or a "Forced" value when working out the equity in my house?
Many thanks for any help / advice,
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