A
AbbeyRoad1
Guest
My sole-trader business is failing and I am facing a judgement from a creditor for 75k in the high Court.
Assuming my private home is safe my only other asset is some land, valued at 200k with a loan attaching of 50k. The bank have first call on this property.
can anyone advise as to the likelihood the creditor could eventually force the sale of the land?
Assuming my private home is safe my only other asset is some land, valued at 200k with a loan attaching of 50k. The bank have first call on this property.
can anyone advise as to the likelihood the creditor could eventually force the sale of the land?