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Bankruptcy. Is it my best option

Options
stockportguy
stockportguy Posts: 11 Forumite
in Bankruptcy & living with it
I have signed up here because i am so at a loss with what to do...
Currently this is my debt situation
Lloyds credit card- £1027
Halifax credit card - £3804
Barclay card £650 (roughly)
Halifax loan £1364
Halifax overdraft £1297
United Utilities £65
Barclays loan £599
I am under an IVA with debtline at moment so some of that is under there but they dont seem to be doing much...Have recieved default notice off lloyds and I have lost my job 2 weeks ago...Living on benefits now...
Also behind in my phone bills to the amount of about £200..
I just dont know where to begin tackling this mountain and still have a life :(.
Any help appreciated.
Ben

Comments

  • lemon1
    lemon1 Posts: 90 Forumite
    Hi Ben, just wanted to say you're in the right place for help. Someone will be along shortly with some links for the best debt advisory services in the uk, you should contact one of them and they'll take you through your options. Going bankrupt is such a big step, nobody here can tell you what you should to, but when you make an informed decsion after speaking to some experts there will be loads of people here who will help you sort it out and get you through it.
    Hang in there! Lemon x
  • philnicandamy
    philnicandamy Posts: 15,685 Forumite
    10,000 Posts Combo Breaker
    hey stockport welcome...

    what you ideally need to do 1st is get some FREE advice from any of the guys below

    Consumer Credit Counselling Service - Website: CCCS Telephone: 0800 138 1111
    National Debtline - Website: National Debtline Telephone: 0808 808 4000
    Citizens Advice Bureau - Website: Citizens Advice or visit your local CAB centre (find nearest)
    Others:
    Business Debtline - Website: Business Debtline Telephone: 0800 197 6026
    Christians Against Poverty
    PayPlan
    TaxAid - Help with tax debts.

    then a fair bit of a read here

    https://forums.moneysavingexpert.com/discussion/1056083
    We all die. The goal isn't to live forever, the goal is to create something that will
  • philnicandamy
    philnicandamy Posts: 15,685 Forumite
    10,000 Posts Combo Breaker
    and after that any questions/worries etc just shout!
    We all die. The goal isn't to live forever, the goal is to create something that will
  • lemon1
    lemon1 Posts: 90 Forumite
    :rotfl:wow, that was quick. Less than 30 seconds!!
  • philnicandamy
    philnicandamy Posts: 15,685 Forumite
    10,000 Posts Combo Breaker
    edited 7 September 2010 at 10:01PM
    lemon1 wrote: »
    :rotfl:wow, that was quick. Less than 30 seconds!!

    so many answers....

    :o:o:o:o:o:o:o:o:o:o :D
    We all die. The goal isn't to live forever, the goal is to create something that will
  • stockportguy
    stockportguy Posts: 11 Forumite
    thanks so much to those who responded will read through that site for advice :)
  • philnicandamy
    philnicandamy Posts: 15,685 Forumite
    10,000 Posts Combo Breaker
    stockportguy wrote: »
    thanks so much to those who responded will read through that site for advice :)

    and anything your unsure about as I said..just shout :D
    We all die. The goal isn't to live forever, the goal is to create something that will
  • stockportguy
    stockportguy Posts: 11 Forumite
    philnicandamy wrote: »
    and anything your unsure about as I said..just shout :D
    would a debt relief order be any good over bankruptcy for my situation
    Ben
  • philnicandamy
    philnicandamy Posts: 15,685 Forumite
    10,000 Posts Combo Breaker
    stockportguy wrote: »
    would a debt relief order be any good over bankruptcy for my situation
    Ben

    it could be an option for you...cheaper than bankruptcy but the terms & conditions are mainly the same

    have a read here

    https://forums.moneysavingexpert.com/discussion/1385275
    We all die. The goal isn't to live forever, the goal is to create something that will
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