I am totally confused re the Bankruptcy and PIA options if my mortgages cannot be included. I have a home property and a BTL. Both are in negative equity: Home value 400k Mortgage = 600k
BTL value 265k Mortgage = 510k.
I am currently paying 1300 per month.
I believe I am insolvent as I am 49 years old, and dont think I will ever be able to pay off these loans.
What i dont understand is why these mortgages cannot be included if I go bankrupt? So I will still be in debt to the bank for...
Why go for Bankruptcy or PIA if mortgages cannot be included?
BTL value 265k Mortgage = 510k.
I am currently paying 1300 per month.
I believe I am insolvent as I am 49 years old, and dont think I will ever be able to pay off these loans.
What i dont understand is why these mortgages cannot be included if I go bankrupt? So I will still be in debt to the bank for...
Why go for Bankruptcy or PIA if mortgages cannot be included?