who to believe

happytrucker_2

long time reader first time poster hi mse's just wondered if anyone can help me make a decision on to carry on dmp or start iva or go bankrupt. we have unsecured debts of 70k+ and are paying £770 a month into dmp with cccs,we are 10 months into plan and struggling to make payments.i live in rented house both employed but still struggling to make ends meet.cccs not very helpful in dealing with creditors still adding charges.contacted payplan about iva they were not very helpful and wanted £860 permonth.they made me feel like i owed them the money.also contacted ndl they suggested bankruptcy as i dont own property.is going bankrupt as easy as its made out by some on this site.i seem to have tried all options yet nobody willing to advice on best option.idont know what todo any advice greatly appreciated thanks for reading this

kevker

Hi Happytrucker. To answer your question about is it easy to go bankrupt, after filing for bankruptcy in May, I can confirm that it is incredibly easy to go bankrupt. But being easy doesn't mean it is not stressful. Also it places a hell of a lot of restrictions on what you can and can't do. So you need to think very carefully about what you wish to do and make sure neither of you are in a job that would be affected by it.

Xbigman

If you are on a DMP with CCCS then you must have done an income/outgoings budget for them. If you can't live on that then the first thing to do is find out why. There are lots of possible reasons, maybe you or CCCS were too optimistic when setting the budget or maybe you haven't picked up all the budgetting tricks yet. If you post the details of your CCCS budget and let us know which bits you are going over on we can suggest ways to cut back or change around.
Regards




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