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How flexible are ORs regarding BI

CeeBeeDeeBee · 2009-10-21 10:03:20

Hi I have huge debts left over from the collapse of my business eariler this year. The CCCS say i'm best to go bankrupt but of course I'm really worried about losing the house. I am a sole trader and we have £70K secured on the house. We have had it valued recently and for a nomal sale we should be looking around the £90K…

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CeeBeeDeeBee Posts: 276 Forumite

22 October 2009 at 1:04PM

The money she lent me was not in the form of a secured loan or anything like that, just lots of money over a long time all shown in bank statements.

If she was to take me to court, get a ccj and then a charging order would that reduce the equity in the house or do charging order (restrictions) be wiped away in BR?

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How flexible are ORs regarding BI

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