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Half a million in Negative Equity

wymondham · 2014-02-28 22:51:12

http://www.bbc.co.uk/news/business-26389009 Looks like we need more schemes to push up house prices!

Comments

gingeralan Posts: 224 Forumite

5 March 2014 at 1:50PM

CLAPTON wrote: »

what do you mean by insolvent?

do you mean unable to pay it's bills? or something else?

I have already explained what I mean, assets becoming worth less than liabilities. While as an individual, one can continue ones balancing act as long as you can service debt, you are not is a position to clear your debts by selling everything you own.

This is a difficult and dangerous situation. I am sure you are correct that there are many people who are technically insolvent yet it is not obvious to outsiders or even themselves.

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