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 Wangaratta 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 home.
A Question of Caveats
Bob is a builder in Vic and has really been struggling due to the fact that he injured his back. He owes $150,000 in unpaid accounts to a particular hardware store who have been very patient with Bob and are aware of his situation.