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