I am currently in the middle of a divorce and am still in the marital home although my partner has moved out, for reasons only known to her, any way we have a joint mortgage and also 2 secured loans on the property, now the house due to the global economy is not worth the total owed at the moment, she has informed me today that she has been to citizens advice who have advised her to let the house become repossesed, and then this will allow the secured loans to become unsecured and then we can get help with them through some form of debt release scheme.
Now my idea was to keep payin the bills on the property till it becomes worth what is owed on it and then sell the property and walk away without any bills or possible bankruptcy.
I would like some advice as to what would be best to do as i dont fancy the idea of bankruptcy and would like to try an stay away from this unless there is no other option