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Monday, 07 June 2010 09:54

If We Go Bankrupt Will The Council House Us?

Written by  Jon
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Question:



Hi wonder if anyone can help,I own a small business and because of the reccession and the cost of food going high because of the rise of VAT we are losing money every week. we have a 9yrs child and me and the wife would argue over silly things because of the bussiness and it is affecting our son and the relationship. we currently are living above the shop,we have no money and owes loads of money and have no bussiness,we have decide to file for BR,but would like to ask if anyone can give some advice that if we were to file for a BR then we will have no where to live will the council help us to find a place to live otherwise we we will have to live on the street. I so stress can someone help.

Answer:



You would need to query this with your local council as it would be their decision. We have heard of some councils will not offer housing if you had a property and lost it in bankruptcy or repossession.

It is best to inquire with the council prior to making any final decision.

Thank you for letting me help you.

Jon

If you have a bankruptcy question you'd like to ask, just ask using this online form. All help is free.

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