House Repossessions – Baliffs, Owners?
Re-Draft Of Former Question..
Hey, in this current climate where people are being thrown out of there own homes, I thought I’d ask a question about it. There was a documentary I had meant to watch about it, but forgot…so YahooAnswers was my next port of call.
In the documentary trailer, one guy said, along the lines of “I don’t care, I’m staying in my own home, no matter what they say”
My question…..What happens here? My main thought was that that guy had lost everything, his investments, his house, probably his job, so he literally had dole and nothing more, what would happen if he were to destroy his own house, i.e giving the baliffs as little to collect as possible. If he has no money, then he is free from any debt demands for the damage.
The government bailed out big financial institutions to stop them failing and going bankrupt, so surely that means the government should again intervene, to stop house owners going bankrupt? If not, why not?
Many thanks in advance,
Quick House Sale
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