Hi
I have been advised by a PIP that an insolvency solution is not workable.
I have unsecured debt of €400k and I have a property with positive equity of about €100,000. The mortgage on the property is held by the same bank to whom I owe the €400k.
I have been paying the mortgage but have made no payment towards the other debt for many years.
I have some health issues so my plan was to sell the property, pay off the mortgage and live off the proceeds of the sale for as long as possible....
Will bank make a move?
I have been advised by a PIP that an insolvency solution is not workable.
I have unsecured debt of €400k and I have a property with positive equity of about €100,000. The mortgage on the property is held by the same bank to whom I owe the €400k.
I have been paying the mortgage but have made no payment towards the other debt for many years.
I have some health issues so my plan was to sell the property, pay off the mortgage and live off the proceeds of the sale for as long as possible....
Will bank make a move?
