Hi,
We are a couple with 2 young kids ( 3 and 7 yo) living in Ireland. Like many others, we bought a house at the wrong time. We were both employed at the time and managed ok. I lost my job in 2009, and after an unsuccessful try at starting my own consulting business, I stayed at home and had our second child. I have not been able to find suitable work since. We have used all our savings and can no longer cope with our large mortgage. We are in negative equity at around 150k. I also have a 15k student loan in New Zealand. We have no other debts.
We are stuck ! I am thinking about going the bankruptcy way.
We are also thinking about going to Australia (we both have dual passports)
do we need to both declare bankruptcy?
If we do the UK thing, can my husband still keep his job in Ireland?
thank you for your advice.
We are a couple with 2 young kids ( 3 and 7 yo) living in Ireland. Like many others, we bought a house at the wrong time. We were both employed at the time and managed ok. I lost my job in 2009, and after an unsuccessful try at starting my own consulting business, I stayed at home and had our second child. I have not been able to find suitable work since. We have used all our savings and can no longer cope with our large mortgage. We are in negative equity at around 150k. I also have a 15k student loan in New Zealand. We have no other debts.
We are stuck ! I am thinking about going the bankruptcy way.
We are also thinking about going to Australia (we both have dual passports)
do we need to both declare bankruptcy?
If we do the UK thing, can my husband still keep his job in Ireland?
thank you for your advice.