House Has $30k or More in Equity
Surrendering the House to the Bank.
So, Bob and Sue choose to surrender their home to the bank. The very first thing we at Bankruptcy Experts Shepparton would do for them is get them to sign a legal document which is like a deed of release meaning they have voluntarily surrendered their house.
A Question of Caveats
Bob is a builder in Vic and has really been having a hard time due to the fact that he hurt his back. He owes $150,000 in unpaid accounts to a particular hardware outlet who have been very patient with Bob and understand his situation.