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NewBee Debt-Free WannaBee
Comments
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Well...the option which is looking increasingly better for us is voluntary sequestration under LILA(Low income low assets) grounds it will cost us a fee of £100 each and we will then be declared bankrupt.
It is so so scary but it will allow us to live a life again and breathe,I just can't wait till it's sorted..the booklets to fill in arrived in the post today.
I have been posting in the "Living with Bankruptcy" section there's a few posts by fellow Scots having been through and going through what we are about to do..it just scares the hell outta us..never been in this much debt never had to do this...
ooooh wish us luck...it's about time we had some...
thanks again for the welcome and support...
x
Embarked upon the LILA route March 25th:o
Awarded bankruptcy 1st April 2009
Life's journey is not to arrive at the grave safely in a well preserved body, but rather to skid in sideways, totally worn out, shouting..."holy !!!!..what a ride!"0 -
It will be fine.
The LILO is a great scheme.
Dont worry & keep posting
I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0
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