10 Myths about Bankruptcy

nuttyp

well, br is definatly not the easy option, i lost all my selfrespect and even now suffer severe bouts of depression. We are haveing our fitst holiday since br, have been saving very very hard eating all basic shopping etc etc. And next week we fly abroad for what i feel is my holiday of a life time, yet i feel ashamed still that i had to be declared br. Im not excited about the holiday at all, even though everything is paid for - and we owe nothing.

The pain still stay, abbey keep selling my debts on, a new company chases me for something i dont owe now and again the pain and sorrow starts again. I want to move on, but its hard. Ive check my credit rating and everyone else has accepted my br, all except abbey - santander.

So anyone who thing that br is the easy option, its not. Its not over in a few months and it certainly not the quick solution so many people think.

debtinfo

Hi, emby, you like everyone else is entitled to your opinion, however this thread is about presenting factual answers to some myths around bankruptcy. If you wish to start a debate or discusions there are places on this site to do this and a new thread would be warrented

philnicandamy

This ideally should be shifted to a more suitable place....NOT here please Mods or BG's

fiveyearplan

nuttyp wrote: »

well, br is definatly not the easy option, i lost all my selfrespect and even now suffer severe bouts of depression. We are haveing our fitst holiday since br, have been saving very very hard eating all basic shopping etc etc. And next week we fly abroad for what i feel is my holiday of a life time, yet i feel ashamed still that i had to be declared br. Im not excited about the holiday at all, even though everything is paid for - and we owe nothing.

The pain still stay, abbey keep selling my debts on, a new company chases me for something i dont owe now and again the pain and sorrow starts again. I want to move on, but its hard. Ive check my credit rating and everyone else has accepted my br, all except abbey - santander.

So anyone who thing that br is the easy option, its not. Its not over in a few months and it certainly not the quick solution so many people think.

I'm sorry you're having such a tough time! Abbey don't have a choice of accepting your BR or not - it is the law. I would forward on everything regarding this to your OR - they WILL sort it out for you.

Enjoy your holiday - you deserve it. You haven't committed a crime you know! Have you seen the thread 'Bankrupts Past and Present'? You'd be surprised who has also been bankrupt.

fiveyearplan

Filing bankruptcy is a way of people getting back in the driving seat and taking control. You can't put all bankruptcies into one box either. Some people have gone bankrupt through no fault of their own, from relationship breakdowns, deaths etc.

Lets stick to topic on this thread.

philnicandamy

fiveyearplan wrote: »

Lets stick to topic on this thread.

I agree....but sadly usually thats easier said

fiveyearplan

philnicandamy wrote: »

I agree....but sadly usually thats easier said

I felt a bit of a hypocrite there however I meant stick to topic on this thread (not all the others that go off topic).:rotfl:

MicheH

Myths then!?

Mortgages.. you'll never get one after being bankrupt.

You can get one (I have reason to believe) but the APR may be high, proof that you no longer have lots of credit and have saved a substantial deposit. All is not lost then!

blind-as-a-bat_2

fiveyearplan wrote: »

Lets stick to topic on this thread.

:rotfl: I doubt that is what the person that brought this thread back to the front page wants.

seen it too many times, a newbie with one or two posts brings it to the front page, followed by other's, with low post counts, but obviously not new, with only one intention;)

fiveyearplan

MicheH wrote: »

Myths then!?

Mortgages.. you'll never get one after being bankrupt.

You can get one (I have reason to believe) but the APR may be high, proof that you no longer have lots of credit and have saved a substantial deposit. All is not lost then!

Good one MicheH. It used to be fairly easy to get a mortgage post BR but before this latest financial meltdown.