Bankruptcy

southernscouser

Lady_S wrote:

Must admit I think Ms_London is being really harsh here. Think it comes under the banner of if you don't have something nice to say don't say anything at all.

James, I really hope you get it sorted, remember a short term hardship is good for a long term goal.

:rotfl: :rotfl: :rotfl:

Quite an ironic post really!

ms_london

lynzpower wrote:

James, I do urge you to post an SOA, if only so that these disagreements dont occur. I dont think its a question of being backed into a corner but i know if I were in your shoes I would post one just to say- you know what, lok there REALLY isnt anywhere else to cut back. If you cant make cutbacks then IM sure that will put this matter to rest once and for all.

Earwig knows what shes on about, she has had to go through this and she knows the impact. I will be keeping a credit card when Im debt free, partly to boost my CR, partly for emergencies. That isnt an option for many experiencing bankrupcy. YOu cant do a number of things. I worry at your (estimated) young age, you will be restricting yourself unneccesarily.

Exactly that Lynz - if there REALLY isnt anywhere else to cut back, and your debts are sky high, then fine, but its natural to assume things when you dont have the bigger picture, so I apologise.

Earwig may have gone through it, but I wasnt judging HER.

It amazes me Lynz that you will still think about using a credit card for "emergencies". But you're a sensible girl, so I am sure it will truly be an "emergency" (not including a new pair of shoes!)

southernscouser

ms_london wrote:

But you're a sensible girl, so I am sure it will truly be an "emergency" (not including a new pair of shoes!)

I thought women did count that as an emergency!

Don't worry I'm going! :rolleyes:

lynzpower

ms_london wrote:

It amazes me Lynz that you will still think about using a credit card for "emergencies". But you're a sensible girl, so I am sure it will truly be an "emergency" (not including a new pair of shoes!)

Well you never know when your house is going to burn down or some muppet puts your windows through anything like that, theres no way I would have the money saved for major things like this, and insurance cos take ages to pay out. Shoes are not an emergency!!!!

ms_london

lynzpower wrote:

Well you never know when your house is going to burn down or some muppet puts your windows through anything like that, theres no way I would have the money saved for major things like this, and insurance cos take ages to pay out. Shoes are not an emergency!!!!

Very true, however, this is why I want savings. Although if I was in Oz and needed to get back in an emergency I would have to do the same (assuming I spend all of my travel fund, on shoes of course! ).. I think so long as it doesnt get out of control again its ok, credit cards CAN be useful things to have. Oh my god, did I really admit that out loud? x

lynzpower

thats the problem with bankrupcy isnt it? You dont have the choice whether you do or dont want credit? You dont get the option apart from those scum lenders like first plus and orther vorderman carp

ms_london

lynzpower wrote:

thats the problem with bankrupcy isnt it? You dont have the choice whether you do or dont want credit? You dont get the option apart from those scum lenders like first plus and orther vorderman carp

True. Although I dont always think being able to have credit is a bad thing. Even with my credit file I may struggle getting a mortgage and I imagine its ten times worse with bankcrupcy on your file? Or perhaps not.

My aunt has got a frikken vanquis card! :eek: Stupid bl**dy woman!!

bluezone

Oooh hasn't this been a hot thread!

I have to agree that I think bankruptcy may be an easy route for some people but I may have to swallow my pride and do this myself. It's not that I want to but am running out of options. When the debt man came round yesterday and we worked out my outgoings, I would have approx £30 to go towards all my debts of approx £68K. Something tells me they are not going to like that.

I have tried to pay some off and in a year I did pay £4K ooff the joint debts on my own through having my extra jobs. Unfortunately I have had to give up one of those jobs as it was affecting my main job + caring job (which has increased the caring hours anyway!)

I do believe that everyone is entitled to their own opinion as this is a public forum and if you are not ready to accept everyones opinions then dont post.

I know I may get slated for that last comment but I'm entitled to my own opinion.

sparkle84

Just to throw my 2p worth in - my feelings are that Bankrucpy under the Enterprise Act is too easy - there we go I have said it - you are discharged within a year and in my opinion a lot of people learn nothing from it. They don't learn the value of money or how to budget, for every one person struggling on this forum there are two out there who couldn't give a toss spend spend spend and then go bankrupt sometimes more than once.

This isn't a situation the banks or the government are going to allow to continue IMHO the law will be changed in the next couple of years as the Enterprise Act was never designed to allow personal bankrupcies at the rate they are growing (over 10,000 in the first quarter of this year).

I am not accusing the OP of anything but he has been asked numerous times to post his SOA and refuses, on occasion people arrive on these forums not looking for debt advice but debt avoidance sometimes people see through them very quickly and it can be frustrating to see others wasting their time giving advice, like CCCS, post your soa when the posters have no intention of doing anything of the kind.

Ms London has been on this board a long time, she has done exceptionally well to get rid of her debt and has seen a lot of people come and go and James has wound her up and to be honest I for one can see why.

james32_uk

I just don't get this and I dont get the way one or two of you have gone out of their way to make assumptions and abuse me for it. What's great about this board is whether people want to poor their heart out or just get some info, 99% of the time the help comes.

For some reason I've been singled out for frankly undeserved abuse. If I don't want to post my SOA then I dont want to post my SOA - end of story. I am quite satisfied that I know my own financial state and issues, and use this board for factual help, and to help others I may add. In my opinion it's essential to fully understand all the options available and I can't believe I continually get slated for trying to do this. I've never really considered bankruptcy as a pertinent option but am I not allowed to seek information before casting the option to one side?

And I'm sorry but as for MS_london's insistance that I should pay the same amount every month for 12 years rather than 5, she needs to get with the planet.

I'm sorry to see that for all the good (and there's so much of it on this wonderful site) there languishes in the bowels a vein of self-righteousness and down-right snobbery.