We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Bankruptcy or not!!!
needingadvise
Posts: 3 Newbie
Can anyone give me some advise please... I have debts of £22000, due to being very badly advised when I was divorced and also a period of illness.
I am trying to 'get my head' around the moral implications of the possibility of bankruptcy...... I work full time and when my general bills are paid I am left with £200 per month, for diesel, food, and living expenses. I have tried so hard to keep paying my debts, with the help of wonderful family, but cannot carry on like this.. I have spoken to a very helpful Counsellor at CCCS and we have discussed bankruptcy, but I am scared.....
I am trying to 'get my head' around the moral implications of the possibility of bankruptcy...... I work full time and when my general bills are paid I am left with £200 per month, for diesel, food, and living expenses. I have tried so hard to keep paying my debts, with the help of wonderful family, but cannot carry on like this.. I have spoken to a very helpful Counsellor at CCCS and we have discussed bankruptcy, but I am scared.....
0
Comments
-
Hi. Have you done a full SOA with the CCCS (ie gone through all your incoming and outgoings?). Have they recommended bankruptcy or did you just ask them about it? Have a chat to the lovely peeps on the bankruptcy board - there are loads of people over there who have been through it, thoought it about etc. They will give you a good idea of whether it's something for you or not - and they are all pretty nice over there.
dfMaking my money go further with MSE :j
How much can I save in 2012 challenge
75/1200 :eek:0 -
Can you post an SoA?
Have you considered taking action over the poor advice you were given? You may be entitled to some compensation which could pay a chunk off your debts.
Is there any way the two of you could up your income and make a DMP work?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards