Newbie? should I or not?

wannaBfree_3

shadowdragon wrote: »

I think what you really need to do is post up a Statement of Affairs (theres a link at the top of the forum for it), so we can see your income and expenditure that way we will be able to advise you better, as we can see where your income is going and IF you are going to declare BC you will need to do one anyway for your forms, and we can tweak it so that you get all the correct expenses down.

The general advice is not to borrow to pay off debts as its a bit of a vicious circle.

Edit - sorry you are considering BC by CCCS advice. What tends to happen when someone has decided they are going to declare BC they stop paying there Creditors (This is NOT essential payments such as rent, council tax, gas, electricity etc), and use the payments that would have gone on creditors to save up for the fees, with having a mortgage it makes it more complex, but if you are resigned to loosing the house and it has little or no equity, people also stop paying that too (it takes a while before you get evicted/taken to court) the only thing yu have to do is weather the phone calls/letters/general harrassment from your creditors.

With the Car situation the HP can be included in the BC, and they should seize the car, but if you have a vehicle of value the Official Receiver could take it sell it, and give you a nominal amount back to purchase a cheaper "run about" vehicle, if you need it for work ect.

Hi,

I will post on statement of affairs later on today, thanks for the tip and also the advice. I'm so glad that i found this forum. we were advised by National Debtline to go bankrupt in feb, but hubby found a job and we thought we would be able to get out of our situation but we never could. Interest was just getting added onto all our debts. then hubby lost his job as company went into administration.