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About to go bankrupt - only remaining solution
nowheretorun
Posts: 17 Forumite
Hi all
Where shall I start -- around £70k debt (mainly unsecured loans and credit cards). I was gearing up to enter a debt management plan and quite upbeat about it all. Then I lost my job on Friday. I worked in banking (don't worry not a fat cat, just an ordinary backoffice role), and with the current market conditions it could take months until I find a new job. I don't have so much time ... a couple of weeks at most. So the only remaining option for me seems to be bankruptcy. It's a tough call that will change my life forever, but that's just how it's turning out. I've been unlucky.
I have so many questions and will read through all the useful threads on the forum. I'm concerned about many things ... i.e. how do I tell my landlord? I guess I can apply for housing benefit towards my monthly rent. It's just all very embarrassing. I have never claimed any benefits but may now be forced to do so in order to eat and have a roof over my head.
I am alone, my girlfriend is abroad and no kids. I guess that helps. No property, and almost no possessions, save for a computer, TV, loads of books and clothes. I had sold my car months ago to get money, this has been a terrible year for me.
If I'm made bankrupt, I will no longer be able to work in my line, i.e. banking & finance. I guess I'll have to get any job in order to feed myself.
Many questions to come, thanks for listening. Any advice much appreciated.
Where shall I start -- around £70k debt (mainly unsecured loans and credit cards). I was gearing up to enter a debt management plan and quite upbeat about it all. Then I lost my job on Friday. I worked in banking (don't worry not a fat cat, just an ordinary backoffice role), and with the current market conditions it could take months until I find a new job. I don't have so much time ... a couple of weeks at most. So the only remaining option for me seems to be bankruptcy. It's a tough call that will change my life forever, but that's just how it's turning out. I've been unlucky.
I have so many questions and will read through all the useful threads on the forum. I'm concerned about many things ... i.e. how do I tell my landlord? I guess I can apply for housing benefit towards my monthly rent. It's just all very embarrassing. I have never claimed any benefits but may now be forced to do so in order to eat and have a roof over my head.
I am alone, my girlfriend is abroad and no kids. I guess that helps. No property, and almost no possessions, save for a computer, TV, loads of books and clothes. I had sold my car months ago to get money, this has been a terrible year for me.
If I'm made bankrupt, I will no longer be able to work in my line, i.e. banking & finance. I guess I'll have to get any job in order to feed myself.
Many questions to come, thanks for listening. Any advice much appreciated.
0
Comments
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Hi
Firstly welcome.
Sorry to hear about your predicament.
Can't really help a huge amount but my ex OH worked in finance in a non customer facing role and he was able to keep his job when he went BR and has since changed companies and in a similar role. He was open with the new employer at first and they didn't seem bothered so there is a chance you can get a job in the financial service sector.
Good luck.Debt 30k in 2008.:eek::o Cleared all my debt in 2013 and loving being debt free
Mortgage free since 20140 -
Hmmm that's very interesting, thanks! I will look into it.0
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DID's OH is certainly not the only BK on here to still be working in banking. WhIf you've have not made a mistake, you've made nothing0
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