Hi,
I spoke yesterday with an insolvency practitioner.
After reviewing my situation he advised that I should go bankrupt or attempt first, (I think he called it) something like an 'insolvency agreement'?
He said that he thinks they might accept an 'offer' if I was able to get some money from somewhere!
He told me that if they know that I am going to go Bankrupt anyway, if I was able to get say €20K from a relative for example, he could offer this to them.
He said that he thinks they would go for it as better than nothing.
What do you think?
My debt (if I handed back my house) first would total about €300K
(€200K of that for Mortgage)
Is there a remote chance they would agree to this??
Also, I asked him 'but would it be as secure as going Bankrupt?'
ie; They (as in ALL Creditors) could never come after me after if they agreed.
Is this true??
I spoke yesterday with an insolvency practitioner.
After reviewing my situation he advised that I should go bankrupt or attempt first, (I think he called it) something like an 'insolvency agreement'?
He said that he thinks they might accept an 'offer' if I was able to get some money from somewhere!
He told me that if they know that I am going to go Bankrupt anyway, if I was able to get say €20K from a relative for example, he could offer this to them.
He said that he thinks they would go for it as better than nothing.
What do you think?
My debt (if I handed back my house) first would total about €300K
(€200K of that for Mortgage)
Is there a remote chance they would agree to this??
Also, I asked him 'but would it be as secure as going Bankrupt?'
ie; They (as in ALL Creditors) could never come after me after if they agreed.
Is this true??