Declarying bankcruptcy - I think it's the most sensible thing for me to do

Molanole

Just adding my tuppence worth. When I graduated I was somewhere in the region of £20K in debt. A great number of students graduate in more debt than that these days as well (I left uni in 1999). While I was at uni I worked 30 hours a week and I was doing a full time degree course to boot, tough going but it had to be done to survive.

There's a lot of good advice here about who to talk to. Every HEI will have a welfare office and a student finance office based within the student's union, they are there to help you and they are free, make use of the resource. Yes, they will want to you work out a budget and so it makes sense (as others have already said) to post your SOA - this is crucial if you want people to take you seriously and offer you some real, honest, constructive advice. The welfare office will say the same thing.

Have a think, post your SOA and we'll be only too happy to help you. If then it looks like bankruptcy is the only option then yes, we'll be honest there too but at least you've got a better idea of ALL your options.

viktory

As one who has been there and done that (delcared myself bankrupt) do not underestimate the effect it will have on your life. I have been discharged for two years and my credit rating is totally shot to pieces (as it should be). I am unable to get anything other than the most basic bank account and Mr V has also been affected as he is financially link to me. We will never get a mortgage.

It was the right thing for me to do and I don't regret it for a minute. I have learnt my lesson and will never, ever, get in debt again. If I want to buy anything now I pay for it in cash, once I have saved.

knithappens

Have you tried to access the hardship fund at University. I know when i was there it was a life line. I know it is not much int he scheme of things , but it will help pay rent. Bankruptcy may seem like and option now, but in the long run it may domore harm than good. You have already been given lots of good advice, so i wont repeat what has already been said - good luck.

knithappens

Ryan.Maloney wrote:

Anyway, I have been looking around and have found a place for £80/per week for accommdation + bills - uni halls - very small rooms, not ensuite, but location is fine.

thats a great start - every litle helps and will take you one step further to where you need to be.

Mirtos

Ryan, I have sent you a PM with my number. I'm based in Central London and have been in a similar situation. If you need to hear a friendly voice, feel free to give me a call.

bargainbetty

Ryan.Maloney wrote:

I'm going to be blunt now.. no offence intended..

I am not doing some mickey-mouse degree... I am doing a proper vocational degree , although it's hard it's chanellenging, enjoyable and will lead to a gauranteed job.

No offence meant maybe, but some taken. For those thousands who are studying part time while working full time, I am sure they'd all appreciate your comments about 'mickey-mouse' degrees.

You could have simply said that your degree was vocational and required full-time study, rather than look down your nose at people who take other routes.

BTW, I used to work with a guy who completed his degree part-time. He is now a qualified barrister here and in the Carribean, plus three different US jurisdictions. I am sure Minnie would be proud. :rotfl:

People are trying to help. Remember that before you insult them.

$17mma

Ryan I have read a few of your psots, you seem bent on bankruptcy, however I have not seen a SOA from you, unless I have missed one somewhere. Bankruptcy may not be the only alternative, I note you are unable to do an IVA cause you have no income coming in have you thought ogf an administration order? I really think you need ot post a SOA wit the help from so many from MSE you may find that you do not need to go down the bankruptcy route.In addition have you thought of taking a yr out of study to get some of your debts cleared?

lynzpower

Ryan seems unwilling to post his SOA 17mma - I think he has convinced himself its the easy way out and he will be granted it. However, there are plenty of us here who realise not just how hard it is to get to court, but also that the judge has to agree it is the right course of action. I think this is a bit on the unlikely side, but cant really tell till the SOA is seen. He seems to be avoiding this issue, as maybe he knows we are likely to find savings for him that will mean bankrupcy isnt an option.

Emmzi

IMHO, Ryan is unwilling to listen to any opinion which differs with his already pre-formed decision. Hence the lack of information coming forward.

I may be wrong and would be delighted if Ryan demonstrated my ignorance here.

$17mma

I agree Emmzi & Lynpower

Emmzi I also agree that he has something to hide, which is why he has not posted his SOA. If he doesnt want help and will not listen to reason or post his SOA I suggest we divert our attention and help to other newbies who need support and advise.

Ryan.. good luck with whatever you decide.