debt advice

[Clog II The Avenger]

They can't put a charge on the house.

First they have to sue. Then assuming they win they have to wait for the lender to default on the court order before they can do anything else.

The court can force a sale of assets to cover the debt.

Agreed mi Lud, but may I point our to your honour that I merely didn’t bother to put the obvious in my post because, faff faff..... However mi Lud may remember that a Plaintiff CAN put a charge on the property prior to litigation if they can present a good case to the land registry (an Affidavit will suffice) This is very common in divorces when the house is in one name only and there is fear that the house maybe sold prior to Court proceedings.

[cab]

Although the bankruptcy rules have been relaxed it's what happens for the rest of your life that is also important. Most normal institutions won't touch a previous bankrupt with a long pole. This may or may not pose problems.

An IVA is generally likely to be a better option.

Have they stopped taking passports off persons declared bankrupt? this could have an impact on travelling to Australia and is something to be considered.

[ASB]

However mi Lud may remember that a Plaintiff CAN put a charge on the property prior to litigation if they can present a good case to the land registry (an Affidavit will suffice) This is very common in divorces when the house is in one name only and there is fear that the house maybe sold prior to Court proceedings.

Are you sure about that?

I *thought* that in these "protective" cases you still had to get a judge to agree it.