Bankrupcy Advice

Doucam

DFD will take a huge percentage of the payment for themselves, as phil says if you are going down the IVA route there are better ways of doing it.

Also DFD will of course advise that an IVA is best for you because they are thinking of their fees and nothing else.

Take advice from one of the free charities who don't have their own agenda. x

Kaleidoscope1972

oh no!..thanks for that..must admit husband was not happy either as he said that they sounded a bit dodgy..trouble is..I cannot get hold of any of the other charities concerned..one the office was closed and the other had a recorded message saying they were too busy to deal with enquiries...back to the drawing board..

Kaleidoscope1972

finally got through to the CCS..they have arranged an appt with their telephone counselor next tues

Kaleidoscope1972

another query..

weve looked at money owed and sadly its mostly money owed by me..husband wants me to file for bankruptcy on my own is this possible..?
obviously we are waiting our telephone appt with a debt counselor but are very worried at the impact even an IVA will have on both of us as husband is worried he could still find his job in trouble and that should our tenancy end..we will find it impossible to rent another property as obviously coming up with 6 months rent is never going to be an option We feel torn between a rock and a hard place right now and also feel we were incorrectly advised 2 years ago and wonder if we didnt actually need to sell our house

confused76

yes of course only 1 of you could file for br. it does mean that any joint debts will fall to the person not br though, so assess where this would leave you financially post br

Kaleidoscope1972

thanks;)

The debts were sadly taken out by me, in my name

confused76

good luck with the cccs! lots to consider but you'll get there

Kaleidoscope1972

thanks! my head is spinning right now..Ive tried and tried to build my business back up but its simply not working..two other similiar business close to me have recently folded too..its happened so quickly in literally a couple of months..one thing that worries me is that we sold our house for less than it was worth due to the housing slump..if I was to go bankrupt I hope that wouldnt be considered careless...

Husband thinks it would be better if rather than joint IVA..I go bankrupt as at least one of us will still have a good credit rating for future rentals...but Im not sure if it would be damged by finacial assc