Just before I engaged in the MARP process the bank told me I was bankrupt. It was obvious for all and sundry to see that I hadn't got two cent to rub together.
I have to my name, two properties which are both in negative equity and no money, bar a small amount I receive each week from a low paying job.
I pay a nominal amount to the bank each month but I believe if my wages drops any lower they may want me to file for bankruptcy.
I feel I am being muscled out of my MARP arrangement, so I see nothing else but them looking to the bankruptcy route.
In their eyes they may want to sell the property, rather than wait on the likes of me paying them in dribs and drabs each month.