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Bankruptcy, repossession or both?!
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That sums it up nicely I think.tigerfeet2006 wrote: »If you do plan to go BR and get rid of the house then the best way to do it is stop paying mortgage and any secured loans and debts, save the money for deposit, rent, moving costs and bankruptcy costs. Find a rental, move a d then go BR.
It is easier to get a property without the BR on your credit file.
Your IVA will have to fail (by non payment) before you go BR. Payplan might petition for your BR but I doubt it.
DDDebt Doctor, Debt caseworker, Citizens' Advice Bureau .
Impartial debt advice services: Citizens Advice Bureau Find your local CAB *** National Debtline - Tel: 0808 808 4000*** BSC No. 100 ***0
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