Can I Include a Repossession Shortfall In Bankruptcy?

bankruptcy petition

Question Was made bankrupt last June via email. I had a ltd co loan secured on a property that was repossessed, undersold and then the bank chased me personally for the £800,000 shortfall. Can I write off/set off the outstanding using PAP or affidavit? Answer Robin, Your situation and questions are more of a legal […]

Can I Be Made Bankrupt in The UK For a Debt in Dubai?

petition for bankruptcy

Question I am being threatened with being made bankrupt over a debt I left in Dubai. I left Dubai 3 years ago when I lost my job, which means I lost my Visa to stay there. I had a loan I took out and also a credit card in Dubai. Now a loan collector here […]

Can I Be Made Bankrupt in The UK For a Debt in Dubai?

being chased

Question Hi Jon, I moved to Dubai 5 years ago and lived there 2 years. Once my work contract ended I had to move back to the UK as my work Visa to stay in Dubai had expired and I could not find new work. When I left I had a car on finance and […]

Will I Lose My House Due to My Husband Being Bankrupt?

nice English terace houses

Question My husband has recently been made bankrupt by a company he owed money to due to a bad business deal. He owes them £90,000. He also owes others around £45,000. I own the property we live in. I owned it before we got married, and he moved in after we got married, 10 years […]

What is the Difference Between Insolvency and Bankruptcy?

bankruptcy typed out

When people say they need to go bankrupt, they usually are referring to the fact they are struggling with bills and debts, may have collector chasing them for payment, and in general cannot afford to pay their accounts. For many people, they will struggle with paying debts, being in arrears, in default, and being chased […]