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 Rockingham 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 WA and has really been struggling since he hurt his back. He owes $150,000 in unpaid accounts to a particular hardware outlet who have been really patient with Bob and are aware of his situation.