Bankruptcy problem

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luci
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by luci » Sat Nov 17, 2018 2:48 pm
I have house worth of 310000.00 the mortgage is 150000.00 one of creditors is making me bankruptcy on 21st of this month.can any body help me to come out of this problem
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kallis3
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by kallis3 » Sat Nov 17, 2018 2:55 pm
I suggest you speak to an IP or a solicitor asap. How much are your debts?
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Foggy
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by Foggy » Sat Nov 17, 2018 3:24 pm
It is possible that an IP could get the BR petition delayed while you explore an IVA --- the outcome would then depend on the creditor involved accepting the IVA rather than BR if they have the voting power to refuse an IVA. But -- you are leaving things very late so I would be talking to an IP asap.
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Lisa Thomas
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by Lisa Thomas » Wed Nov 21, 2018 12:17 pm
Did you take advice from an IP or a Solicitor? Did you manage to get the BKY hearing adjourned?
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