Yes I am wondering whether the court would be able to make a judgement and therefore any repayment structure if it could be affected by the outcome of a financial settlement being instructed by the divorce court.
I am Divorce Absolute and am facing the dilema of IVA or trying to make a settlement with the personal guarantees for a reduced amount and to pay over many years. I am keen to safeguard my share of the equity and to attempt to rebuild my credit history so as to have my own mortgage and use the equity to purchase a principle residence. My ex wife appears from her financial statement to be able to obtain a mortgage.
No. And I have not made contact with the lender since company filed for liquidation. I am joint and several with another person who is indicating that he will declare himself bankrupt.
Therefore I am keen to negotiate down to a lower level. part of the Personal guarantee is for a loan under the European Finance Guarantee. It is my understanding that they will pursue both parties to recover as much as possible and then they can seek repayment through the Government backed Scheme.
thank you for your advice.
it is appreciated