PLEASE HELP - worried, anxious, fretting

swells_2

Hi Tommo - Just to say that although I had thought IVA might be an option we cannot guarantee £3k per month for 5 years. My husbands contract is for 2 years with a possible extension but not guaranteed. So I think IVA would be out. Also we do not have any assets in UK at all - property is in negative equity, we have 2 vehicles worth nothing and some furniture. The only thing we do have is the property in Turkey and because of the reasons I quoted in my LONG post it may not be able to be realised anyway. Anybody got any more thoughts on the Turkey question? and any of the other questions I posed? Any help gratefully received. I have emailed CCCS and they have asked me to call them - an expensive call but hopefully will be worth it. S

fiveyearplan

Sorry swells I have no idea about the property in Turkey. When was it bought and how was it funded (ie did everything go through your bank account)?

Email back CCCS and ask them what information you will need for the phone call so you have eveything ready. Expensive call maybe but worth it.

McKneff

hi swells, thanks button has worked,
hope you're feeling better about thinkgs now. There are some really lovely
not to say knowledgeable people on this site.
As for CCCS, ask them to ring you back, i always say if you dont ask, you dont get.

cuddlymarm

Hi

We had 2 small businesses (one of which we lived in ) and even with OH working away couldn't keep up. It is no shame to go BK in this economic enviroment, so don't feel bad. We started off asking the National Debtline for help and because we were a little bit complicated we went to a local accountant and asked them for advice. The lady (who specialised in debt advice) we saw was really helpful and the first appointment was free. Its the first moves that are difficult but trust me when I say you sleep better when you've taken control. We struggled badly for over 2 years before taking advice and just got in deeper and deeper. OH is BK now and we now sleep at night and don't dread every letter and phone call.

Try not to worry it will all sort itself out

Cuddles:grouphug:

swells_2

I have just been looking at various sites and found out info on how we would go bankcrupt. It looks as though we can apply ourselves or one of our creditors could apply. If we apply ourselves this is going to cost us money we don't have - is it better to leave it to one of our creditors? Does it look better if we do it? Also - anybody know about filing for bankcruptcy from abroad? plus other questions on my initial post? How far back does the OR want - bank statement/ credit card statements etc etc? I'm not sure after reading lots on bankcruptcy and what's involved that I am feeling better or not. Been a bit tearful this morning so that's probably not helping me feel objective.

peachyprice

Hi Swells,
No matter how much creditors may threaten it they rarely make your BR, it costs them money and there's no guarantee they'll get anything back, the exceptions are HMRC, Amex and some councils for Council Tax.

With regards to apply while abroad, you would either have to make a day trip back to London to petition at the High Court, or give someone in the UK power of attorney to attend the court on your behalf. It's only the court appearance you need to be in the UK for, everything else can usually be done by phone.

The OR intially asks for statements going back 1-2 years, they sometimes ask for more in complex cases, but if you don't have them they can get them from the banks/ccard companies themselves.

Hope this helps some.

tommo20

Hi swells,

Once you have spoken to CCCs or National Debtline you'll be in a better position and much happier (or under the circumstances a lot less miserable). I think property is classed as an asset even if it is in neg equity.

Good luck with whatever you decide.