Avoiding Bankruptcy And Selling Your House
Bankruptcy and house repossession can often happen, especially in unstable times of global recession and it is not a situation you find yourself in through choice.
Although bankruptcy regulations in the UK have been updated and are now more lenient, it still takes a long time for you to get over the stigma that still applies to bankrupt people even after they have been discharged. If it is at all possible, it is better to avoid bankruptcy by selling your house prior to bankruptcy papers being filed.
There are a number of reputable companies that will purchase your house for cash quickly. Able Life quick home sale could release sufficient money from accrued equity to pay off most of your creditors, or at least bring your arrears up to date so that you can make an arrangement with each of your creditors to pay off what is owed at a reduced monthly rate.
If you do decide to go down the quick-selling route, you need to choose reputable house buyers to purchase your house for cash. If you have plenty of equity in your property this may solve most, if not all, of your problems. The cash made available from your house sale can be used to pay off the creditors who are threatening you with bankruptcy plus you may have sufficient funds to bring payments you owe to other creditors, up to date.
If you sell your property to a house buying company like us, we will pay off any mortgage owing and you may get to stay in your own home as a tenant.
How do you know they are reputable and you are not going to be thrown out on the street after the first few months? Do your homework and check up on the company before you sign any papers. Get your solicitor to check through all the paperwork before you sign anything. Go on the internet and get as much information as possible about the company that intends to purchase your house. There are a number of reputable companies that buy houses and, if selling your house is the only option to avert bankruptcy, then doing business with a house buying company is probably your best option – especially if you want to be treated with respect and professionalism, avoiding possible stumbling blocks and pitfalls.
Bankruptcy and foreclosure are not an option, therefore, you need to act fast and contact us. We are a reliable company that will buy your house for cash, giving you the chance to pay off your debts and maybe keep some cash aside as well.
You may not, however, have any equity in your property; what then? Don’t worry; contact us now as we have options and solutions to help you!