In need of advice please, head is spinning

PauloYorks

Hi All
Im Paul. Ive been reading this forum for a while and I have deceided to go bankrupt. I will explain my situation.
I am 26 and live with my mum and dad. Over the past five years I have two unsecured loans and one credit card. I own £12000 on one loan, £9000 on another and £5000 on my card. I have had a few jobs over these last few years due to the fact I work in constuction and with things been bad I kept kepting laid off. I couldnt afford the loan repayments and fell months behind. My bank has put a plan in place where I pay £200 a month for 6months then they want me to pay the full amounts of £600 after xmas. I know I wont be able to afford this payments and ill be forver trying to save etc just to pay these min payments back. So im going to take the plunge and go bankrupt.

I just have a few questions Id like to know please -
1. With me living at home with my mum and dad, I pay £60 a week rent towards bills food ect, will the OR contact my mum and dad to confirm I pay rent? I know this sounds strange but I dont want my mum and dad to find out about my backrupty. My dad is very strict and hates banks etc as he says they rob you left right and centre. If he found out about my bankrupty he may even kick me out.

2. We dont have a landline, will the OR ring you on a mobile phone for the interview after court?

Thank you ever so much to anyone that reads this and post a reply. I am really gratefull.
All the best
Paul

philnicandamy

PauloYorks wrote: »

Hi All
Im Paul. Ive been reading this forum for a while and I have deceided to go bankrupt. I will explain my situation.
I am 26 and live with my mum and dad. Over the past five years I have two unsecured loans and one credit card. I own £12000 on one loan, £9000 on another and £5000 on my card. I have had a few jobs over these last few years due to the fact I work in constuction and with things been bad I kept kepting laid off. I couldnt afford the loan repayments and fell months behind. My bank has put a plan in place where I pay £200 a month for 6months then they want me to pay the full amounts of £600 after xmas. I know I wont be able to afford this payments and ill be forver trying to save etc just to pay these min payments back. So im going to take the plunge and go bankrupt.

I just have a few questions Id like to know please -
1. With me living at home with my mum and dad, I pay £60 a week rent towards bills food ect, will the OR contact my mum and dad to confirm I pay rent? I know this sounds strange but I dont want my mum and dad to find out about my backrupty. My dad is very strict and hates banks etc as he says they rob you left right and centre. If he found out about my bankrupty he may even kick me out.

2. We dont have a landline, will the OR ring you on a mobile phone for the interview after court?

Thank you ever so much to anyone that reads this and post a reply. I am really gratefull.
All the best
Paul

Firstly Hiya Paul & welcome to the mad house!

Its "possible" the receiver may contact your parents some do some dont so its really down to the receivers offices... BUT if you explain the situation as you have here i'm sure they would understand

and yep if you've no landline they will call a mobile...just make sure the batt is charged as they can be on a while sometimes

and...lastly get yourself some advice before you decide what to do next (loads of free help below in my sig)

anything else just shout :D

philnicandamy

And a bit more reading for you till you get some professional advice...

http://forums.moneysavingexpert.com/showthread.html?t=1056083

PauloYorks

Thank you ever so much. Would just be so much easier if it was kept private with just me and the OR. To be honest it is partly my own fault Ive got into this mess but I just want to get it over and done with and move on.

McKneff

Do you have anything to show for all this money you owe, anything that you can sell to cover some of it. I realise that a lot of it will be charges levied
can you put in a claim for reclaiming them.

philnicandamy

I can understand....try not to worry too much & less of the blaming yourself! if anything you deserve a pat on the back for starting on the road to tackling your probs...its hard to go through something like this alone...I did the same BUT found the good guys & gals here whatever the moan/rant etc they WILL always listen for you....so dont feel your alone we'll help support you through this....

PauloYorks

No I dont to be honest. Only assett I have is my car. X reg Vectra worth around £700. Im getting calls left right and centre all the time and I just had enough. Ive got to do something. But I dont have any assetts at all and nothing of value to sell mate

So_Sad_Angel

Hi Paul & welcome....guess if you`ve been reading you will know us by now anyway :hello::hello:

First thing has to be to speak to one of the Debt Charities CCCS , Nat Debtline or CAB....everyones situation is different & if there is an alternative to BR then you need to investigate all avenues...BR is the absolute last resort..

Ask away...all questions welcome.

Good luck

Angiexx

So_Sad_Angel

PauloYorks wrote: »

No I dont to be honest. Only assett I have is my car. X reg Vectra worth around £700. Im getting calls left right and centre all the time and I just had enough. Ive got to do something. But I dont have any assetts at all and nothing of value to sell mate

May be a good idea to get a payg or to contact your phone provider & ask to change your number.

Alternatively when the creditors call insist that they remove your contact telephone number & correspond only in writing. You don`t need the harrassment whilst you are trying to sort this situation out.

Angiexx

PauloYorks

Thank you to all of you who have posted a reply. It really does bring a smile to my face knowing you guys and girls are so supportive. I will contact a debt charity tomorrow to start things rolling. I just want to start a fresh without debt. I have a great partner now and we have been together a year. Next year we would like to Rent a place of our own and the quicker I get this mess sorted out, the more money and hope I will have come this time next year. I just dont want to upset my parents. they have been the best parents anyone could wish for. They would do anything for me and I dont want them to feel ashamed of me if they they I was going bankrupt, that is my biggest fear of all

So_Sad_Angel

Its good to hear that you have a very good reason to work through this & I wish you the best of luck.

Now you have taken the step to post I hope you will keep us up to date with your progress.

Debt crisis is an awful place to find ourselves in but having the strength to admit it & then deal with it deserves a pat on the back.

Angiexx