New here in need help quick!

mrsharvey

Hi everyone, i am new here and need help quick, we started a family 2 years ago and went from earning £3500 a month between us to earning £800 now. We owe about £18,000 altogether. we havent been able to pay our debts for at least a year and a half and are paying through a debt managment plan at the moment where we can just about afford £50 per month. they suggested that we declare my husband bankrupt because he has the bulk of the debt in his name. we cant afford the bankrupcy fee to start with and we would have to sell our family car they say. My husband needs the car to get to work and also to transfer our 2 children around in. Any suggestions??

one of the creditors is hfc and they are evil and are kicking and screamin about not getting there money and want to take us to court, our house is rented but i am so scared, help please

gettingitsorted

Hi

pop over to the The Bankruptcy Club & Supporters Club

myself and my husband were in the same position only 3 weeks ago and i know how stressful it is

yung

Welcome to the forum Mrsharvey unfortunately it is hard to give quick Advices and help, the good folks will be able to help you if you can post an S.O.A look here for an example: http://forums.moneysavingexpert.com/showthread.html?t=107280

chevalier

Yes Mrsharvey, do us a statement of affairs and I am sure we can help you. Also is your debt management plan with a company that takes a fee, or with Payplan/CCCS?
chev

skintas_2

are you claimimg a;; the tax credits you are entilted too.......... any chance you any off you can get a second job!!!!!!! have you tried car boots and ebay to get rid of unwanted bits.................. good luck im in debt about £3,000 my car engine went this month, finally got a job starting friday . hopefully im gonna be alright for xmas as im gonna have some money, this time is the worst time of year as i also have 2 children and the pressure is on, even to fill the fridge with food, good luck...... lol gem x

mrsharvey

i am claiming any benefit i can get at the moment, im just strugling how to cope with these debts without declaring any of us bankrupt. it would be nice to be able to buy a house some day and give our kids some stability.

Storm

Who is managing your DMP? Is it one of the fee-taking companies or CCCS/PayPlan who are completely free?

I think with bankruptcy you can sometimes keep your car if you can prove it is needed for work, though you might be expected to downgrade it if it's worth a lot.