dont know what to do

broxiebear1

hi all new to this . i am aprox. £16000 to £20000 in debt i have been struggling to pay for sometime now but was mannaging somehow now the bomshell .i am waiting on divorce been seperated for 5 years now but ex wife wants half my pension which i recieve just now well pension £148 a month pays for loan i took out when i seperated i have to pay £170 a month lawyer says not long now till pension share then i can get divorce
that along with other debts to pay and i will find it impossible to pay them so i am trying to act now before its to late . any advice would be most helpfull . forgot to say live in scotland

tigerfeet2006

Hi and welcome to the board.

Your first port of call should be to contact one of the Debt Charities; see links below. Their services are free; they have no vested interest to serve; their advisors are professionally trained and the advice they give will be objective and in your best interests only.National Debtline operate an advice on first phonecall system CCCS operate a system of telephone appointments that are designed to be flexible and don’t require you to attend an office based interview. At the CAB you will need to make an appointment with a specialist Financial Advisor; other advisors may not have the specialist knowledge you’ll need.

http://www.cccs.co.uk/

http://www.nationaldebtline.co.uk/

http://www.citizensadvice.org.uk/index.htm

If you’re advised that bankruptcy is the most suitable solution to your financial problems then we can offer the best support and anecdotal advice that you’ll find anywhere on the Web.

Read as much on here as you can, starting with the Bankruptcy Help sticky and that will answer a lot of your questions. But don't be afraid to ask about anything you don't under stand.

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

Just remember, as desperate as you may feel at the moment, we have all experienced what you are going through at the moment and with the right support and advice things will improve. It’s not an easy route to take but it is a route that will put you back in control of your life rather than just reacting to events.

So_Sad_Angel

Hi BB1

Welcome & as Tiger says get talking to the debt charities....remember please don`t pay for impartial advice.

http://www.adviceguide.org.uk/scotland.htm?region=scotland.htm

As you are in Scotland this link may give you some specific info online.

Angiexx

edit...ooops realise this is same as TF posted just Scottish link.

tigerfeet2006

Thanks Angel, I missed the Scottish part

So_Sad_Angel

tigerfeet2006 wrote: »

Thanks Angel, I missed the Scottish part

I only found it today....there is an A-Z of CAB offices across Scotland that I thought was particularly useful.

http://www.cas.org.uk/WebOfficeFinder.aspx

broxiebear1

hi thanks for reply iv done a quick soa andStatement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 1120
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 148
Total monthly income.................... 1268
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 234
Management charge (leasehold property).. 0
Council tax............................. 103
Electricity............................. 80
Gas..................................... 50
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 16.5
Mobile phone............................ 40
TV Licence.............................. 11.9
Satellite/Cable TV...................... 38.15
Internet Services....................... 15
Groceries etc. ......................... 400
Clothing................................ 0
Petrol/diesel........................... 80 motability car
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 31.7
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1110.25

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 0

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
rbs loan.......................2722.2....69.8......0
rbs m/card.....................3094.6....69........0
barclaycard visa...............2359.23...53.85.....0
halifax visa...................3470.09...34.7......0 its frightning

Holes_in_my_pocket

I am also divorced and in receipt of a pension i believe pension share is only for pension which you are not yet in receipt of

broxiebear1

i am not divorced yet i took out my works pension when i reached 50 my ex wants pension share of it which i recieve at 148 a month

fiveyearplan

broxiebear1 wrote: »

hi thanks for reply iv done a quick soa andStatement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 1120
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 148
Total monthly income.................... 1268
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 234
Management charge (leasehold property).. 0
Council tax............................. 103
Electricity............................. 80
Gas..................................... 50
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 16.5
Mobile phone............................ 40
TV Licence.............................. 11.9 12
Satellite/Cable TV...................... 38.15 won't be allowed in your SOA - must come out of surplus
Internet Services....................... 15 is this necessary for work?
Groceries etc. ......................... 400
Clothing................................ 0
Petrol/diesel........................... 80 motability car
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0 20 - you should think about getting this
Life assurance ......................... 31.7 OR might have interest in this
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0 20
Entertainment........................... 0
Holiday................................. 0 40
Emergency fund.......................... 0
Total monthly expenses.................. 1110.25

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 0

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
rbs loan.......................2722.2....69.8......0
rbs m/card.....................3094.6....69........0
barclaycard visa...............2359.23...53.85.....0
halifax visa...................3470.09...34.7......0 its frightning

You need to round all figures to nearest £.

Holes_in_my_pocket

pension wil be dealt with by solicitors but as your in receipt of it your other half can swivel i believe pension share is for pension fund not yet in reciept thats what my solicitor told me i pay % of pension as maintenace as have 2 children but that will eventually stop when they are 16

broxiebear1

Holes_in_my_pocket wrote: »

pension wil be dealt with by solicitors but as your in receipt of it your other half can swivel i believe pension share is for pension fund not yet in reciept thats what my solicitor told me i pay % of pension as maintenace as have 2 children but that will eventually stop when they are 16

i have been separated for 5 yrs (scotland) saw solicitor three yrs ago and stumbling block is pension scot widows say they can pension share even though im in receipt of pension .