I think a 2nd charge just means that when you go to sell the charge is paid. If you're not selling (no equity as mentioned would imply there is no reason to sell), then there is no need to declare yourself bankrupt. I'm no expert but I am sure someone will clarify if this isn't the case. I'm still on the hunt for a tried an tested solicitor - if you hear of one please let me know.

Can anyone recommend a UK solicitor who they have either instructed or whom are known to assist with these cases?

Sorry to jump on the thread, you all seem further along the process and I'd be very grateful for any advice. I received the first letter from these solicitors today. The debt was 8000 AED but I'm being pursued for 170,000AED. I own (mortgaged) my home and dare say the solicitors think I have equity, which sadly is not the case. Does anyone have any advice? I don't have 170,000 AED. I'm not sure what solicitors cost (if anyone can give a ball park figure I'd be grateful). How far have these solicitors taken matters? It seems they've issued SD's but no further. Is that the case? If so, is the general opinion that these guys are scaremongering and only throwing minimum resources behind their attempts to collect?