Hi All
Just wondering which would be the best option Personal Insolvency or Bankruptcy in Ireland.
I owe 150k on a RIP- worth about 75k
I owe 200 on my home- worth 150k
I owe about 30k in unsecured debt.
Both unemployed.
How I understand it to be is that both lenders have to agree to take back the properties and you pay the balance over 7 years if I were to go the insolvency route.
Or bankruptcy no assets or liabilities in three years.
Reading what i have wrote above it doesn't sound right.
Just wondering which would be the best option Personal Insolvency or Bankruptcy in Ireland.
I owe 150k on a RIP- worth about 75k
I owe 200 on my home- worth 150k
I owe about 30k in unsecured debt.
Both unemployed.
How I understand it to be is that both lenders have to agree to take back the properties and you pay the balance over 7 years if I were to go the insolvency route.
Or bankruptcy no assets or liabilities in three years.
Reading what i have wrote above it doesn't sound right.