Can I save my house before bankruptcy?

Can I save my house before bankruptcy? 1

The short answer is yes, but this depends on your individual circumstances.

The equity in the house first needs to be determined, and depending on the outcome of that exercise, will need to be purchased by a family member or third party and a deed of assignment, or declaration of trust, will need to be prepared and filed at the Land Registry.

This area of insolvency is extremely complicated and fact dependant.

Further information can be found here.

However, it would be best to have a free face to face, or telephone meeting with a Licensed Insolvency Practitioner,and to arrange a meeting please ring 01326 340 579 or 01305 458 383 to arrange a mutually convenient time and date to discuss the options open to you.

 

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