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!
Dont know whats best.
hampshirebabe
Posts: 649 Forumite
I'm self employed driving instructor, at the moment I'm making enough money and was hoping to be debt free in about 3 years, I owe about £15000, all on low life of balence rates. But now I've just become pregnant, and I'm wondering if it would be better to declair myself bancrupt. Even if I carry on working after the birth, I'll have childcare costs, so I'll have the debt hanging round my neck with my paying off plan gone. I'm married and we have our own home, but the mortgagae is in my husbabnds name. Would I be better to get rid of it all, and then start fresh in a year's time?
0
Comments
-
you need to take expert advice...usually you would be deemed to own half the house (as you say 'we have our own home' and so half the equity of the house would be at risk if you declare yourself bankrupt. contact CCCS or Payplan0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.5K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.5K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.4K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards