CCCS call tomorrow

neverindebtagain

Hi, I am new to this site.

I rang CCCCs last week as I have finally got my head out of the sand and realise I need help.

They are ringing me tomorrow. I feel sick. I have itemised all my debts, catalogues, loan, credit cards and realise I have 4 times my wages in payments a month to pay.

My husband has debts as well and his wages has been scraping us through to keep on top of everything, but looking at the lists for both of us, we are drowning.He is a self employed brickie and that adds to the stress, he is working at the moment but for how long. If I clear my debts we can stay on top of his and buy a food shop at the end of the week.

I have been reading this site for two weeks and have realised my only option for myself is bankruptcy. I owe £66,000 of unsecured debt.

I have struggled with this debt for years, for many years kept the debt from my husband, scared to tell him and just kept getting deaper into debt as I was afraid to tell him where his wages were going.

We remortaged last year when I finally came clean to him, we thought it was the right thing to do. In times of fright you do what you can to keep the roof over your head and people from the door. However it was the wrong thing as we are now locked into mortgage company until Aug 2009 with a huge redemption figure if we sell up, not that there is any money in the house.

I feel ashamed of myself, all I want now is not to be ruled by debt, to use my diary for birthdays etc, not for bills.

I will post again after my telephone call. I know from the posts I am not alone but I am scared of the outcome. I have lived with this for so long and should have asked for help years ago but I can not live with it any longer.

Sorry it was so long winded .

Rylynn

Don't apologise, it is good to get things off your chest.

Can I just say I have read here in the past few days or so, at least 4 people that CCCS have told not to go BR, when we all think here they should and I think at least two of them have been told by the CAB BR is the right route.

I have mentioned this in case the CCCS try to say you should not go bankrupt but enter into an IVA or DMP, if they do then my suggestion would be to phone Nat Debt Line or make an appointment at your local CAB.

Have you done an income and expenditure, as you may like to stick it up here as people here can help you with it, tell you what you can add, what you cannot and spot if you have left anything out.

Hope it all goes well tomorrow, I know how you feel lady most of us do here, you are not alone and it is better sorted out sooner rather than later.

Once you have faced the decision and got the advice then I am sure you will get things sorted out quickly. Have you phoned your court to see if they are walk in on the day or appointment only, you may want to call and ask them so you know. If appointment ask how long a wait. Mine was 2 weeks.

RL

dodecanese

Hi
Please try not to worry too much. It is pretty daunting when you realise the situation you are in. It was about about this time last I finally faced up the reality of my debts and it was incredibley stressful, far more stressful than actually going bankrupt.
I spoke to CCCS, who I found to be very non judgemental and the counsellor really calmed me down, they wont make you feel bad or stupid for being in debt.
I also found National Debtline to be pretty good too.

If they recommend bankruptcy just ask any questions you have on here as well.
The worst bit of the whole process is where you are now- it does get better. Once you face up to the problem- as you have done- and start getting advice, it does get easier.
Good luck for tomorrow

So_Sad_Angel

Hi Nida ,

Never apologise for long posts!! I hope that by writing it down you somehow feel a little better.....for me it was pressing that first`submit` button that really set me on the road to `sorting it out`.

So welcome Sweetie....there are plenty on here to help & it sounds like you are ready to get on with it! Let us know how the appointment goes.

Angiexxx

neverindebtagain

Thank you for replying, I was wondering if CCCS would not recommend bankruptcy, I have read about IVA's and worry that should we enter into one and that either I or my husband are out of work then it would end up going to bankruptcy and just prolong everything. I have tried to survive for so long and I feel so tired.

My daughter is talking about Christmas at the moment, she is a teenager and has no idea what we are going through. For her and my husband I want to put a stop to this.

If CCCS do not advise bankruptcy, but I feel it is the only way, how do I do it? I have no idea where to start.

Thank you so much for reading my post.

I will let you know how it goes tomorrow.

milliemonster

If you have no equity in your house and your jobs are uncertain, please don't go for an IVA, as you would have to stick rigidly to the payments for the 5 yrs or you could be made BR anyway.

The first thing you need to do is post up an SOA, you will have to do this for CCCS anyway

neverindebtagain

How do I post a SOA, I have wrote everything down, tried to think of all outgoings. Is there a template to put my SOA.

Rylynn

yes it is in another thread that someone put a link in hold on will go and find it for you unless someone else does quicker than me.

It helps believe me as you may have missed things off etc.

Rylynn

http://www.makesenseofcards.com/soacalc.html


i think that is it...

So_Sad_Angel

Hi Nida,

You won`t know until the appointment tomorrow so worrying won`t change anything really. try & get a good nights sleep knowing that you have made that first step towards resolving the situation.

Give yourself a pat on the back...well done.

Angexx

neverindebtagain

Had my telephone appointment with CCCS this morning, came off feeling flat, first thing said was a DMP would last 26 years.Did not advise bankruptcy but suggested husband return caravan, put the house on the market (even though it is in negative equity with high redemption), live in rented accommodation and wait for letters, calls and county court judgements. Not what I was expecting, but maybe I deserve.

Went and told my husband who marched me off in car to CAB drop in appointment, had a lovely advisor who calmed me down and took basic information to forward on to debt advisor. I now await an appointment from them.

I have been given a standard letter from CAB to send to the creditors, which is what I am going to do now.

I have just phoned estate agent who will come out tomorrow. CCCS said that even though I have a child of 15, if I was to go bankrupt they would go for the house.

What an absolute mess.