We have very large debts which have not seemed to diminish over the years.(posted 8655 days ago)We are now selling our home and should realise some equity. We do not want this to go to pay the creditors as to be honest we would still owe loads.
We are thinking of selling up and moving abroad and using the money to do this.
If we contact our creditors after the house is sold and I can put the money "away" - do we declare ourselves bankrupt or just inform them we can no longer afford the payments due to both of us not working.
I dont want to be chased whilst abroad for outstanding debts.
Please does anyone know what the best course of action is for us????