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Bankruptcy and voluntary reposession
Comments
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Just wondering how things went with you?I am insane and have 4 mortgages - total mortgage debt £200k. Target to zero = 10 years! (2030)0
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I've got two questions :-
I'm not sure bankruptcy applies as you've currently only got 'secured debt' (even though VR/selling the house would crystallise a shortfall which would then be included)?
If you've got a roof over your head and £800/m disposable income you could end up with an £800/m IPA for 3 yrs so BR would cost you £28,800 anyway?0
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