Wragge & Co (on behalf of Bradford & Bingley) were awarded a 40k
mortgage shortfall debt against me in Nov 2004, relating to a property
re-possessed in 1990.
I sent a budget sheet in within the week, showing I could only pay 130 per month.
(My home only has approx 25k equity if sold at full price & I have other debts totaling 30k)
But relatives clubbed together so I could offer a 10k one off lump payment.
They didn't respond, instead they applied for an interim charging order for
weds 2nd Feb.
After several phone calls chasing a reply to my offer, they finally declined it yesterday 27th Jan, by phone.
There is now so little time to sort anything out.
Can I postpone the court date?
Would consider Bankruptcy / IVA anything its just I don't want to be in negative equity with the interest charges increasing daily.
ANY ADVICE WOULD BE MUCH APPRECIATED