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  • Profile photo of SJonesySJonesy
    Participant
    @sjonesy
    Join Date: 2011
    Post Count: 4
    May 26, 2011 - 3:46 pm

    i just read my bankruptcy aggreement and and it says, ill be discharged at the end off three years and it will remain on my credit history for five years and if i brake my agrreement and found guilty ITSA will extend the period of bankrupcy up to 8 years or 3 years imprisonment. Ouch

    Profile photo of SJonesySJonesy
    Participant
    @sjonesy
    Join Date: 2011
    Post Count: 4
    May 25, 2011 - 3:31 pm

    thanks for the feedback. the property is in the country its a four bed house being rented for 160 p/w so if my numbers are correct thats a 20.8% roi thats with a $40,000 deposit and thats if i pay the full asking price. this should help towards the loan being approved? should i use that amount as a deposit or should i invest in another property as well? or just go with the the first plan seeing that im coming back from a rough time?. kind regards SJ

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