Going Bankrupt

gummage

I have just over £8k of unsecured credit, I have an interest only mortgage which is probably at or very near to negative equity. which has just come to the end of a fixed two year deal. I am unable to remortgage.

I have recently lost a reasonably well paid job and am working as a self employed taxi driver.

I now find that I am struggling to earn enough money to simply pay my mortgage and other associated costs let alone pay my food bills and credit commitments.

Up to now I have kept my credit commitments upto date but that is only coz my girlfriend has been paying my bills, I have looked around and am not clear if i would be able to file for BKO.

dalip

Anybody with debt over £750 can file for bc. Before you think along those lines you should call one of the debt charities(numbers in my sig) or your local cab. Bc should be seen as a last resort,so please explore all your options first.Good luck Dx

fiveyearplan

Hi and welcome gummage. As Dalip suggest making a call to any or all of the numbers in her signature will give you a clear view of all the options you may have. If you decide on BR let us know and we can give you all the support you will need to get through it.