BrokenRecord
Registered User
- Messages
- 3
OK so I would like to go insolvent, I've about 100k in boomtown mortgage arrears and a credit union loan combined. Also have a judgement against the mortgage by the credit union. The amount of debt is getting bigger every month with the interest, and now with the judgement I cant recapitalise the mortgage, I've also lost a job because of the judgement, I didn't get any notification about the judgement until my new employer did a background check and got fired because of it, counter productive as it was a good job but its all history now.
So there's no quick fix, so it looks like I won't be in a position ever to pay off this debt although I can pay the mortgage, the judgement is preventing me from working in certain industries for which I have a lot of years experience of working in, plus I'm not getting any younger at 43..
So what are my options, I have the chance of getting an entry level IT job in the UK if I want, big move though, as it would be me moving and the wife and kids at home. Is it possible to keep the house as it would be a major trauma for the kids, all schooled locally, so what are my options.
So there's no quick fix, so it looks like I won't be in a position ever to pay off this debt although I can pay the mortgage, the judgement is preventing me from working in certain industries for which I have a lot of years experience of working in, plus I'm not getting any younger at 43..
So what are my options, I have the chance of getting an entry level IT job in the UK if I want, big move though, as it would be me moving and the wife and kids at home. Is it possible to keep the house as it would be a major trauma for the kids, all schooled locally, so what are my options.