ChatterBank6 mins ago
Bankruptcy
Hi All.
My son is about to go bankrupt, having tried all other avenues he feels he has no choice.
My concern is, will this affect the family home that his wife and children live in, my son no longer lives in the house, as he and his wife split up earlier this year, due in part to the financial situation, he is still paying half of the mortgage, but this is getting more difficult as now he also has to find extra money to pay the rent on his bedsit,
The family home is very much in negative equity, so nothing to gain from selling it.
Many thanks for any help. pomgirl.
My son is about to go bankrupt, having tried all other avenues he feels he has no choice.
My concern is, will this affect the family home that his wife and children live in, my son no longer lives in the house, as he and his wife split up earlier this year, due in part to the financial situation, he is still paying half of the mortgage, but this is getting more difficult as now he also has to find extra money to pay the rent on his bedsit,
The family home is very much in negative equity, so nothing to gain from selling it.
Many thanks for any help. pomgirl.
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Thank you dothawkes31, No he has not yet gone down that road, and he will go to the CAB befor he dose anything else.
Hi pink-kittens. thank you for your reply, which gives a chink of light at the end of the tunnel, thanks also for the good luck wishes, and i hope that yor sister and family are now out of the financial black hole.
Pomgirl.
Thank you dothawkes31, No he has not yet gone down that road, and he will go to the CAB befor he dose anything else.
Hi pink-kittens. thank you for your reply, which gives a chink of light at the end of the tunnel, thanks also for the good luck wishes, and i hope that yor sister and family are now out of the financial black hole.
Pomgirl.