Re: notified by the bank to close up all the accounts within 21 days and pay off bala
hi, in bad debt, wish i could offer you rock solid legal advice but cant, just life experience, do not sell any personal items, do not let this get you down to the extent that your mind will not function properly, the bank has not even brought you to court yet, they have given you an ultimatum that you can not possibly meet, it is of no benefit to anyone to persue this action. it is not a question of i cant aford a solicitor, it is a fact that you cant afford not to employ a solicitor, what you have posted is near enough a statment of means, show same to a solicitor,he will write to the bank and let them know that you are prepared to go to court , from what i know only a mortgage holder can go for reposession, if you borrowed only in your own name and the house is in joint names or if you have a partner that can show vested interest the house cannot be reposessed, pretty sure if it does go to court, that a judge will make an instalment order which could be way less than you are paying at the moment, you need a solicitor to tell you all this and put your mind at ease. you need a solicitor to tell the bank that you will go to court if necessary, they could and should in your case back down, if not you could end up financially better off with an improved quality of life for you and your children which you must give priority to.