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"U.M. had debts of £38,000 including a mortgage where further advances meant the balance had built up to £30,000. His business was trading at a loss, and CS Corporate Solutions recommended he cut his losses by closing it down. His wife was ill, and he found it difficult to hold down a full time job anyway. But CS Corporate Solutions were happy to agree a sale of the house at the valuation of £50,000. U.M. had to remortgage to pay his trustee £10,000 for the half share, and depending on when he gets back to work full time he may have to pay more from his earnings. But he no longer has the worry of how to pay this week’s wages, or this month’s suppliers, or this month’s rent." |
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