Can anyone give us some good advice? We have paid two solicitors over the last few years and it's got us no where. And we are now unsure if we need a French solicitor to see us through the bailiff stage. Our failed leaseback meant we had an unfinished property. We have never been able to pay the E30,000 to finish the property and after about 18 months had to stop paying the mortgage. We tried to negotiate with the bank but to no avail. Now it's gone to bailiffs. We have had the first letter from the bailiffs. The debt is 140,000 Euros. We had to sell our UK property in connection to this disaster, so we now have no significant assets. I have drafted a letter with two options: 1) trying to offer a payment scheme and 2) offer of them taking our unfinished apartment which wont be worth much but will be something - maybe 40,000E. Have I done the right thing? I haven't yet sent it... We are reluctant to go bankrupt but this has been hanging over us for three years now. Should we just stick it out a little longer and hope the bailiffs will liaise with us? Might they just turn up and try take our possessions? If it goes to court in France - do we need to attend or must we take on a solicitor in France? Is this all worth it? Should we just go bankrupt? Has anyone been through this and come our the other side? We just want to move on with our lives, yet also we dont want to have to bankrupt. Just can't see a way out... Please help! Thank you so much in advance for any advice.

Believed the sales pitch that the government back leaseback scheme were solid investments, self funding and borrowed close to 100% from the french banks to purchase some properties with different lenders. Operator went bust and never paid the guaranteed rents, leaving banks to reprosses, what action will they take now in the uk? Any thoughts please...