hello
I am new to this forum, so apologies if not doing this right.
My situation:
Tracker with Permanent TSB (ECB+max 1.10%) taken out in 2006.
Apartment worth 160-170k max, negative equity 100k.
I am living in the UK 3 years now and I am considering bankruptcy.
Apartment is rented out at 950E a month, repayments are 930E at the moment.
What chances do I have to get a deal (aka debt write off) from the bank? I am struggling with the other expenses of keeping the apartment: management fees, up keeping, furniture etc... Have been given free money from family till now, but would like to stop that if I can.
Is it worth going to the bank for a deal? Can I go back to my nice Tracker once I go ahead and start process and give them my Standard Financial Statement?
Thank you for your help and opinions, I hope I am on the right post.
Fiona
I am new to this forum, so apologies if not doing this right.
My situation:
Tracker with Permanent TSB (ECB+max 1.10%) taken out in 2006.
Apartment worth 160-170k max, negative equity 100k.
I am living in the UK 3 years now and I am considering bankruptcy.
Apartment is rented out at 950E a month, repayments are 930E at the moment.
What chances do I have to get a deal (aka debt write off) from the bank? I am struggling with the other expenses of keeping the apartment: management fees, up keeping, furniture etc... Have been given free money from family till now, but would like to stop that if I can.
Is it worth going to the bank for a deal? Can I go back to my nice Tracker once I go ahead and start process and give them my Standard Financial Statement?
Thank you for your help and opinions, I hope I am on the right post.
Fiona