I'm currently in arrears on my mortgage and hoping to reach a sustainable solution with my provider. I'm also facing imminent bankruptcy in Ireland in relation to other debts.
My home is valued at 100k with 300k still owed on mortgage.
What will happen to the house during a bankruptcy if there is such large negative equity and I'm making a reasonable repayment?
My home is valued at 100k with 300k still owed on mortgage.
What will happen to the house during a bankruptcy if there is such large negative equity and I'm making a reasonable repayment?