New post and need help !

vippymini

Hi

i know im not the first and wont be the last but im really at the end now...

Up untill a year ago all our dept were being paid and we had no worries and then my husband had to give up the pocket money hobby he was doing that paid the depts and now we are strugging badly

We are a married couple with 4 children and one on the way . I have taken all our depts to the CAB who have writtern to companys but feel there is no free income to pay the depts so the suggested going bankcrupt. Thats a Great idea but we both need to go bankcrupt but thats were catch 22 is we have no spare cash to do it with or anyone we could borrow from and i dont know how to get the money. The CAB now have this week have closed the file as we cannot sort any payment or get the cash.

I have herd theres possible help in getting funds towards bankcruptcy as we are on almost full working and child tax credits.

\any advice suggestions would be most welcome as this year been a bad year so far with my 61 year old mum dying and i feel this is the finaly straw!!!!

hear from someone soon

james32_uk

I'm only new to this kind of thing, but if you want to go bankrupt (and know of all the issues this could raise) then surely you can just not pay any credit bills and raise the money that way???

dudleyboy

Hi vippymini

Sorry to hear about your situation. Someone with advice on BR will be along soon but until then I'd recommend noting down all your income and expenses and posting it here as an SOA (Statement Of Affairs). We'll then be able to make suggestions / give advice for you in context with your situation.

If you need somewhere to start, check out southernscouser's comprehensive guide here: http://forums.moneysavingexpert.com/showthread.html?t=107280

Good luck and, believe me, a problem shared is a problem halved... especially from people who are in, or who've been in, a similiar position.

vippymini

Thanks so far , if i had the money that covered the bill i sure would save it but income has been so tight i cant even pull that together . so hopefully eventually it might get sorted!!!!

moozie_2

Have you tried CCS or Payplan in case they can offer more advice than CAB? Just an idea.

Sorry to see you are going through a rough time but, remember, this is a phase, not the rest of your life :grouphug:

james32_uk

Yes, you must try either CCCS or Payplan to make sure they agree with what the CAB have said. Both very helpful.

tired_mum

hi you are very brave but now you have opened up things will get better everyone on here has debt or has had debt and no one is judgemental we will all work together to help you see a way through why dont you post an SOA to see if any one has any ideas for you LOL

vippymini

ok here we go heres our situation , these are indidual one and a few older ones too

income total montly £1827.53
monthly expenditure £1674.51

priorty depts

ccs enforcements £334
rent £400
electric 386

non priority depts,

f/direct £ 2979.51
m c/c £ 1098.52
n c/c £ 885.56
ab £806.10
marble £11,102
c/ one £2400
n/w £4043
hsbc £149
l/woods £352
sb £ 171
focus £198.58
loydds £2400
egg £827
hfc £3195. 51
little £ 600


so as you can see we are in a mess and to be honest this could end up in divorce!!!! as i dont knbow hwere to turn .....

tired_mum

you are really feeling bad right now but dont worry you and your hubby and the kids will be ok i know as 3 times i hid my horrendous debts from my hubby and made myself ill and it was noy worth it so chin up and let us all help you to see the light LOL and hugs :A

vippymini

Thanks Tierd mum , hopefully theres light at the end of the tunnel , i cant belive how welcoming and friendly everyone is! I just wish we never got into this mess!!!!

tired_mum

you really need to call cccs or pay plan i called cccs and they arranged an appt for someone to call me back to go through everything and in the mean time gave me a ref no to quote if i was getting hassle from any one i owed these are free advice services so use them to help you they and us are there for you LOL :A