Court Action
I have received a statement of claim on a bank loan. I am planning on filing for bankruptcy as soon as I have enough money to move out of my house, which is awaiting a mortgage sale (I lost 50% of my income with a job loss). Will I still be able to include this loan in the bankuptcy proceedings?
Yes, you will. You may want to advise the bank of your intention to file bankruptcy. If you do, they may slow down their legal action (to avoid unnecessary costs). If you don’t tell them of your intention and they spend significant money on the legal action they might accuse you of deliberately running up a legal bill just to “stick it to them”. That might have dire consequences on your bankruptcy when you eventually file.
The best advice – contact a local trustee to discuss your options as soon as you are able.