R
reuben
Guest
Hi, I am in negative equity on a property here of the amount 150k euros approx.
I also have a property in uk with equity of 50kstg.
I know what some of you may say, sell uk property to reduce negative equity here. But this is my only savings and I feel with house prices dropping here again, it would be similar to throwing money away.
I have thought of applying for bankruptcy in uk after becoming resident there as may have a job offer pending.
Now, my question is would I lose the equity/property in the uk property if applying for bankruptcy.
If so, then how come certain (builders/property developers) who will be kept un-named can flee to uk, apply for bankruptcy but apparentely have other property interests in uk.
How are they keeping their properties safe.
I want to keep this completely legal, so are there some loopholes I am missing??
I also have a property in uk with equity of 50kstg.
I know what some of you may say, sell uk property to reduce negative equity here. But this is my only savings and I feel with house prices dropping here again, it would be similar to throwing money away.
I have thought of applying for bankruptcy in uk after becoming resident there as may have a job offer pending.
Now, my question is would I lose the equity/property in the uk property if applying for bankruptcy.
If so, then how come certain (builders/property developers) who will be kept un-named can flee to uk, apply for bankruptcy but apparentely have other property interests in uk.
How are they keeping their properties safe.
I want to keep this completely legal, so are there some loopholes I am missing??