Friday, January 14, 2011

My wife and i own house, but i am being made bankrupt

Debt Story : Posted by: Tim


My house is owned jointly by me and my wife, few month ago due to loss in business i get bankrupted. Now collection agency is seizing my property to pay creditors.

My question is that does my wife negotiate to buy half of the house from the official receiver?
If my wife cannot afford the payment which they want to sell the house then what happens?

Although! I have asked other debt solutions agency to protect my house.