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help...what do i do???
bobbykitty
Posts: 6 Forumite
Hi everyone,
Just wondered if anyone could help me with my situation,
basiclly i lost my job at the end of january this year, i signed on and looked high and low for a job, after no luck and running my dads bussiness for the last few years i decided to try open my own business. Money was a major issue after applying for bussiness loans and even grants i got turned down and didnt succeed so i turned to my family for help. as i was on the dole my debts started spiraling out of control, i rang all the usual debt lines but my circumstances changed because i did manage to open a little shop purely with the help of my family so i thought things would get better...little did i know i am now worse off than when i was on benifits, i dont take a wage at all, i am at a loss, i cant ask any more of my family. my debts are getting seriously out of control i cant pay them a penny sometimes i cant afford to eat, ive read about a debt relief order it sounds perfect for me, i have credit cards loans all the usual. the trouble is if i applied for a debt relief order to clear my debts would i still be able to carry on with my business as none of my debts surround my business, they are all personal, i am trying to get through to cab, just wonderd if anyone has been in the same sitiation that may have some advice for me, thanks so much!!
Just wondered if anyone could help me with my situation,
basiclly i lost my job at the end of january this year, i signed on and looked high and low for a job, after no luck and running my dads bussiness for the last few years i decided to try open my own business. Money was a major issue after applying for bussiness loans and even grants i got turned down and didnt succeed so i turned to my family for help. as i was on the dole my debts started spiraling out of control, i rang all the usual debt lines but my circumstances changed because i did manage to open a little shop purely with the help of my family so i thought things would get better...little did i know i am now worse off than when i was on benifits, i dont take a wage at all, i am at a loss, i cant ask any more of my family. my debts are getting seriously out of control i cant pay them a penny sometimes i cant afford to eat, ive read about a debt relief order it sounds perfect for me, i have credit cards loans all the usual. the trouble is if i applied for a debt relief order to clear my debts would i still be able to carry on with my business as none of my debts surround my business, they are all personal, i am trying to get through to cab, just wonderd if anyone has been in the same sitiation that may have some advice for me, thanks so much!!
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Comments
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Just wanted to say hi & welcome to MSE
Sure someone will be along to help you soon.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0 -
thank you!!:j0
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Hi there and well done for posting - I am sure that you get the help you need if you post on the DRO Information and Help Thread:
https://forums.moneysavingexpert.com/discussion/1385275
All the best and good luck finding the answers to your problems
Mr 3Dogs 3-7-12 3Dogs'Mam 31-3-13
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I would consider making your business a ltd, that way the dro would have no effect on your business.0
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oh believe me i am trying to pay it off, ive always been very good at paying off debts sometimes its not a case of wont pay but cant pay and i hate it! i got made redundant unexpectidly, there is no help from the government for people like me trying to make somthing of myself instead of living off benifits, so i see a debt relief order as a last resort.0
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