bankruptcy at 27 years of age

Kevicho

Just another point, the costs you should also include in your budget....

Advertising and marketing
Accountantcy
Taxes/NI
Industry subscriptions
Training
Employing staff (if necessary - prob a bit further down the line)
Telephone/Rent/Other daily expenses

and prob loads more

To be honest i think with this amount of debt, or if bankrupt the lack of available cash will leave your daughter (read the whole thread) will leave her in a dangerous position

misscampbell

Mike_St_Helens wrote:

Me and my OH are also in a similar boat, we owe £130k and im 29.

here are some great advice sites for you :

http://www.debtquestions.co.uk/debt_forum
http://myvesta.org.uk/media/video/bankruptcy/index.html This is V good
http://www.insolvency.gov.uk

Here is my last thread with a load of questions also...

http://forums.moneysavingexpert.com/....html?t=239324
http://forums.moneysavingexpert.com/....html?t=250085

Hope they help... Please Please PM any one of us if you want anything else

Thanks Mike for your support I will forward them on and keep in tough,
kind regards
Jane