My ex fiance and I bought the property in 2009,soon fell into arrears due to losing my job.She left the country to go home to near Scandanavia in 2011 when the arrears were about 50,000 euro with the bank.I surrendered the house to the bank in 2014 and it was sold with existing arrears of near 100,000 euro.Now the bank wants the remainder of the debt.
I earn an average wage,cannot afford to pay the money(500 a month) for nothing as the house is gone so it's good money after bad!
I have the option of insolvency or bankrupcy maybe but don't know what's the best way forward?
Just wondering has anybody gone through my scenario also and what advice could you give?
Much appreciated.
I earn an average wage,cannot afford to pay the money(500 a month) for nothing as the house is gone so it's good money after bad!
I have the option of insolvency or bankrupcy maybe but don't know what's the best way forward?
Just wondering has anybody gone through my scenario also and what advice could you give?
Much appreciated.