I am seriously considering bankruptcy as debts exceed 60k. I expect my wife and two young children will be able to stay in the house for a year after my bankruptcy to give them time to find alternative accommodation.
I think it will be hard to find private accommodation as I assume I'll not be able to provide decent bank references and my wife's income is small. I am in well paid employment.
Does anyone know if a local authority is likely to offer us housing when my home is sold? If not then I have to consider selling first and renting before petitioning.
Financial advice is easy to find but I'd really appreciate any information about the practical realities of bankruptcy,