House Sale Before Bankruptcy

shinyhead

HI,
I'm contemplating BR but have a question.

I wish to sell the house ASAP as I can't keep up the repayments for much longer and for other personal reasons want to get shot of it.

I'm considering selling at auction if no buyers after a length of time.

If I end up selling it at what might not be the estimated market value, then a few months later go BR, would the OR be able to dissolve the sale? Would it just be simpler to go BR and have the house repossessed?

Anyone any advice?

IF

Hi shinyhead, I would get advice first from one of the debt charities, as I'm not 100% sure of the answer.


Main recommended sources of help:

• National Debtline - Website: National Debtline Telephone: 0808 808 4000
• Citizens Advice Bureau - Website: Citizens Advice or visit your local CAB centre (find nearest)
• Consumer Credit Counselling Service - Website: CCCS Telephone: 0800 138 1111
  

Others:

• Business Debtline - Website: Business Debtline Telephone: 0800 197 6026
• Christians Against Poverty
• PayPlan
• TaxAid - Help with tax debts.

Best wishes
If...x