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Bankruptcy - FAQ’s
Read our Frequently Asked Questions for
Bankruptcy Advice
1.
What does bankruptcy mean?
2.
What is the difference between Insolvency and Bankruptcy?
3.
What is the difference between an Official Receiver and a Trustee?
4.
How much do I need to owe before I can be made bankrupt either by myself or my creditors?
5.
Does my bankruptcy affect my wife and children?
6.
What effect will bankruptcy have on my home?
7.
If I have a house with negative equity, would I have to give it up?
8.
Assuming that I am made bankrupt, can I rent a property in the private sector, or does the Council have to re-house me?
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Release all or some of the equity in your property, with a
home reversion
plan from Assured Equity Release.
Your receive tax-free income and a guarantee to continue to stay in your home (
rent free
).
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