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Is the builder not willing to accept payment in installments?
OK thank you for your response. Leave it with me for now and I will review the relevant information and laws and will get back to you as soon as I can. Please do not respond to this message as it will just push your question to the back of the queue and you may experience unnecessary delays. Thank you
Thanks for your patience. Just one more thing - you mention court, has this actually gone to court?
Ok, thanks. If you cannot pay their bills in one go, or as per their payment terms, they can consider going to court. If I was them I would probably not do that as the risks will be quite high but it is up to them. Should this go to court, you can ask it to determine any repayments based on your current financial situation and for a periodic repayment agreement to be drawn up. You cannot force the court to do this but can ask them to consider it. So yes, there is certainly an option for you to do this and for the debt to be repaid over time. Also, discuss this situation with the builders and advise them that if they went to court they will unlikely get a better result as the courts will take into account your ability to pay, so by going to court they will just be incurring unnecessary extra costs, wasting their time and increasing the debt in question. Therefore, it would be best to continue directly with you only and to agree on something between yourselves. You are not trying to avoid the debt, just amend how it is payable.
Does this answer your query?
Highly unlikely that you would be forced to sell your house for a debt of this level, so I would say it is unrealistic in the circumstances
you would need to post a new question, just in the same way you posted this one, thank you
no probs thanks