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Bankruptcy
If you do not stop your home being repossessed, and after the property has been sold on, if their is a short fall in money to cover all outstanding debts like the mortgage or remortgage, legal fees and the property sale, you may have to, or your creditors could file for bankruptcy against you. It is classified by voluntary (when you apply yourself), or involuntary (when your creditors file against you).
The court then could schedule a repayment term that you have to stick from your current salary. Needless to say, they do account for every penny, and set a schedule that you have to stick to rigidly.
You can prevent both repossession and bankruptcy with a quick house sale. If there is enough equity in your house, then your cash is freed up, so you can pay all your debts off.
We can offer a quick sale, within seventy two hours if needed, to prevent repossession orders and maybe threatened bankruptcy.
You also do not need to worry about finding somewhere new to live, as we have a sell and rent bank scheme, where as after the sale is completed, you simply enter into a lease for the property paying us the market price rental for a home your size in your area.
Call 0845 621 5000
Use our online enquiry form
Email: sales@quickhouse.co.uk
Our polite and sympathetic deal with cases on a full time basis, and can help you organise your finances and living arrangements to avoid repossession and bankruptcy.
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