If your father can dispose of his assets while living, rather than allowing them to become part of his estate, this may be the best option for protecting your father's assets.
it would be better for you and your wife to go to the UK and declare bankruptcy there.
I have sympathy for the situation you and your father are in.
However, the bank would not have lent you the money without your father's involvement. You are unable to repay the money, so your father or his estate should repay the money
This is what we criticise the property developers for. Putting their assets beyond the reach of NAMA. Your father owes this money, and should repay it if he has it.
You could sit down with NIB and seek to come to an arrangement with them. If your father has assets, offer to sell the house and he will pay off half the shortfall. They might or might not accept this.
I don't understand this. Your wife is not involved in this. If, after your father pays what he can, and there is still a shortfall, you could go bankrupt in the UK. Of course, your wife could accompany you there, but she is not bankrupt.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?