Hi
Firstly, it looks like my relationship of 20 years is coming to an end. That is the main reason for me to consider this option. I am originally from the uk (family still living there and plan would be to move home), and have worked every day since I moved to Ireland in 1992. I have 3 children here and most of the personal debt is in my name.
Financial overview
Currently working, earning ~55k per annum
Personal unsecured debts ~40k
Mortgage (joint) ~170k - House value ~160k
Wifes personal debt ~14k
I would like advice on how the process would work in my situation and also :
a) What will happen to the house as it is in both of our names
b) How long will this process take and for the sake of my children, would I ever be able to come back to Ireland to work / visit?
c) How long before I would be able to apply for work in England (can I work while the bankrupcy process is ongoing?)
This is tearing me apart but I need to know EVERY option available to me. I already know what will happen if I stay, I am nopt shirking my parenting responsibilities and as soon as the bankrupcy goes through will pay back my parents who will support my children during this time
Thanks for any advice
Firstly, it looks like my relationship of 20 years is coming to an end. That is the main reason for me to consider this option. I am originally from the uk (family still living there and plan would be to move home), and have worked every day since I moved to Ireland in 1992. I have 3 children here and most of the personal debt is in my name.
Financial overview
Currently working, earning ~55k per annum
Personal unsecured debts ~40k
Mortgage (joint) ~170k - House value ~160k
Wifes personal debt ~14k
I would like advice on how the process would work in my situation and also :
a) What will happen to the house as it is in both of our names
b) How long will this process take and for the sake of my children, would I ever be able to come back to Ireland to work / visit?
c) How long before I would be able to apply for work in England (can I work while the bankrupcy process is ongoing?)
This is tearing me apart but I need to know EVERY option available to me. I already know what will happen if I stay, I am nopt shirking my parenting responsibilities and as soon as the bankrupcy goes through will pay back my parents who will support my children during this time
Thanks for any advice
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