Lots of Debts - Complicated Scenario

dancingfairy

I would look at the business first becasuse 1) if the business fails and some of the debts then fall to you it will impact on your personal finances and 2) you need to know whether it is going to give you a wage or not.
Is the business solvent? if yes then you may need to look at some kind of restructuring of debt etc - you really need to go through the options with the business debtline people and go from there I would have thought.

The other thing that occurred to me was whether you or you OH could get work elsewhere? depending on how whether the business needs both of you? this would at least secure an income to feed you all and pay the essential bills with.
df

property.advert

I think you see the massive risk if you face increasing interest rates as you cannot afford the huge mortgage as it is on your income. But yes, remove all the other debt and you are ok.

There is a lot of "crap" in your debt build up. John Lewis, Debenhams, Laura Ashley, Ikea etc. it looks like some years of desperate spending when cash ran out but credit was still easy to get hold of ?

You say you have 43k in car loans ? Then 35k in O/D and a few thousand here and there. To be honest, your mess is in part due to your not separating the business from the personal but to look at the debt, you are going to have to. If your husband's salary is coming from the company then there must be significant risk that it will disappear is there not ?

Can you just list the company stuff separate from the personal stuff. I know it seems interlinked and it is in a way but only anything personally guaranteed is personal as the Ltd can just be folded.

Is the company viable and profitable ? It would seem not but ?

And these cars, what value do they have ?