Is going bankrupt the best option when I can’t pay my mortgage or secured loan?
November 15th, 2011 by admin
After separation from her husband my friend has got into financial difficulty with mortgage payment as well as the secured loan on the property. She currently has an IVA with for the unsecured loans which cannot take into account the secured loans. All the loans are in joint names. If the mortgage cannot be paid or the secured loan would going bankrupt be a viable option as the house has been on the market for just over a year & has not sold.
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