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Debt Problems article discussion
Former_MSE_Wendy
Posts: 929 Forumite
This thread relates to the new Debt Problems Guide
To discuss or ask a question about this article click reply.
IMPORTANT NOTE: Please note this thread is not for posting detailed questions about your own debt issues as your question may get missed. If that's what you want to do please read the other articles and/or post a new thread for help on your debts on the Debt Free Wanabee board.
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My Dad has racked up hugh debts. He has already remortgaged against his house. He still lives with my mum and the house is in joint names, but apart from that they live seperate lives. She has savings, not huge, but enough to support her in her retirement. What I want to know is my Mum liable for my Dads debt if anything should happen to him.0
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You really do need to see a professional to get correct answers to this issue. I'm not a professional but I can tell you that if your father died his debts and assets would be put together with his interests in the house and your mum would either have to buy your fathers share in the house, or she may have to give it up where a court order would exist.
You do need to get professional advise, or more to the point your mother needs to do so. Advise from anyone else, me included, will never be 100% correct.
Tom0 -
My husband and I have had a small business within the construction industry for 12 years. Last year the business started to struggle to find work and things slowed down considerably. In August of last year we could not meet out VAT bill from the previos quarter. Owing approx £24000.00. we inform HMRC of not ba able to pay, but they just said they would shut us down if we didn’t pay up in 7 days !!!! We have since closed the Limited company down, but we had a overdraft of £20000.00, in August 2005 we apparently signed a personal guarantee for this amount and even though the company is no longer trading we have to pay this amount. We have opened a small caf!/bistro near to us in the hope of earning some money to pay our debts which seem to be spiralling out of control. The caf! was very expensive to open and it is just about holding its own except we are not able to take a wage from it. I keep getting bank statements about the old business account and they are charging us about £300 per month in interest and charges, we do not want to go bankrupt because we may loose our home (which is mortgaged). In the last 7 days I have had a letter of my mortgage company, that the interest rate will now be 6.99% (we did agree to this when we took the fixed mortgage rate) My mortgage had gone up from £1395 per month to £1655.00 per month, I work for another firm but may wages will not cover the mortgage let alone any other bills.0
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hi, is it true that if someone cant make the agreed monthly payment on HP and they offer a lower payment per month chances are the company will accept this?
loopsTHE CHAINS OF HABIT ARE TOO WEAK TO BE FELT UNTIL THEY ARE TOO STRONG TO BE BROKEN... :A0 -
can anyone advise the best way to repay £38000.00 of debt from credit cards and loans etc...really stressed and dont know where to turn to for the best help???0
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Hi Nicsta, if you post an SOA on a new thread I am sure the guys here will help youcan anyone advise the best way to repay £38000.00 of debt from credit cards and loans etc...really stressed and dont know where to turn to for the best help???
http://www.makesenseofcards.com/soacalc.html
This will help you include all your expensesDebt Free Diary - Second Chances! Life in a Tourer........Debt free, building a savings pot0 -
Hello. I would like help! How do I post a question? Do I do it here in the 'Quick Reply' box - I'm new to this! :-) thanks, in advance...0
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Hello. I would like help! How do I post a question? Do I do it here in the 'Quick Reply' box - I'm new to this! :-) thanks, in advance...
Probably best to start a new thread - click thread tools/thread starter at the top of the page
Sometimes it's hard to walk in a single woman's shoes - that's why we need really special ones!Total debt @ Oct 2008: £29,226.42 Credit Card- £[STRIKE]7493.56[/STRIKE] - £7243.56Weightloss : 0/34lbs0 -
Probably best to start a new thread - click thread tools/thread starter at the top of the page
gosh, I am so slow. when i click on thread tools/thread starter it only gives me 3 options : show as print format; email or subscribe to thread. i can't see where it says start new thread. help again !:A thanks shoe gal - can you direct me again!0 -
If you look at the left hand side near the
top of the DFW main board you should see this
(this pic doesn't work)
Click on that and you should be able to start your own threadPROUD TO BE DEALING WITH MY DEBT NERD #869
DFD 5/1/16Numpty,Not sure why but I'm crying
. Of all the peeps on this board you're the kindest & most supportive of all & I'm :mad: & 
for you all at the same time . Wish I was there to give you a big :grouphug: & emergency hobnobs
xx0
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