Financial mess

[Peabody]

Spoke with the accountant today. He thinks our position doesn't warrant bankruptcy, but to try and get a write down on the investment property which our sol reckons will be impossible. They both agree write downs will be inevitable but when is anybodies guess.

 

[Bronte]

Peabody, what actual concrete advice did you get from the solicitor and the accountant on what to do?

So far the accountant says to ask for a write down and the solicitor says it will not be possible, is that correct? Is this just the mortgage, what about your other debts? What experience have they both in relation to people in your situation. Does the accountant say you will have to pay the VAT?