...........Hi Gerry,
Many thanks for your response. I'm almost 6 years in the UK. The property hasn't always been rented as it wasn't completed but when it has been rented, and its currently rented for a term of the next two years, the money is going to service the mortgage. The rent is small in comparison to the mortgage but that's purely because the house is not completed. The negative equity is circa 300K with arrears etc so I don't think they will accept the sale as full and final.
I have no problem resigning as a director (Although not excited about it). Will I be restricted from being a director in the future because of the bankruptcy?
I also have a young family here now and would like to buy a property here in the next couple of years. What impact will the bankruptcy have on that? Will my future home be protected from the banks if it has positive equity?
Thanks for all your help!
........Thanks Gerry. Are you saying that if I come out of bankruptcy and buy a house in the UK in a couple of years time that the Irish bank could pursue me for some of the equity? Sorry if I misread your post
Many thanks!........
Nope , they cannot.
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