Desperate - Owe £200,000 What Do I Do ???

BlueSkyDay

Welcome Dora - you've done the right thing in posting here - you'll get loads of good advice.

Most of all you'll get support from people in similar situations who know what you're going through.


Have a :grouphug: to go with your :coffee:

All the best,

Blue

suzysue_2

There is a sticky post at the beginging of this board explaining how to do an soa: statement of affairs.
I think you need that cup of tea first though.
x

HairyHandofDartmoor

Is there any way you can get out of the agreement? I'm sure there must be. Someone else will advice you on this. There is light, I promise.

lynzpower

I dont want to see yu round here till youve got that coffee in your hand lady

Now look, theres lots of us here, we will all help

You are going to be LIKELY to be able to get out of the agreement with debt free me. OK, I cant promise anything as we havent seen the papers.

But go, calm down and then come back

Hugs
Lynz
xx xxxxxxxxxxxxxx

Sinkingindebt_2

a a stiff drink, keep posting, write your fianances down here, we will help you, people will not paint a rosy picture, but be straight with you and tell you what we think you can do. Thinking of you xxxx

bugbabe

hi dora please post here when you are feeling low theres loads of people who can give you great advice am new to this as am in debt with children so cant give you any advice except youve come to the right place i was feeling the same as you 4 weeks ago but once you have help and advice you start to feel a little better

Vickicb

Hi Dora, welcome! The people around here will get you through this, don't worry.

mrslawrence2003

Welcome my dear. please do not panic and do not hurt yourself. everyone here will do all they can to help you and advise you on your situation. things have clearly been difficult and desperate for you, but now you have found us we will help you fix it so life become's worth living again.

pls tho, only take one step at a time and DO NOT PANIC!!!!! have a cup of tea, and then post your SOA so we can begin to help you.

Sinkingindebt_2

Yep, we are all in the same place, all felling distraught upset dumbfounded when we 1st post here, but soon enough you will find this place is a godsend, noone judges you for having the debt. Lots of us have it in our signature we are proud to be dealing with our debt, you should too, then every time you post you will be reminded you ARE dealing with it and that should be applauded!

Richard_S

dora2505 wrote:

TOO LATE I HAVE ALREADY SIGNED THE AGREEMENT NOW !!! WE WERE SO VULENRABLE AND JUST DID NOT KNOW WHAT TO DO!!! OH NO HOW I WISH I HAD DONE PAY PLAN!!! HAS ANYONE ELSE GOT HUGE DEBTS LIKE THIS AND IF SO HAVE THEY GOT IT SORTED - IS THERE REALLY LIGHT AT THE END OF THE TUNNEL ????????? THBNAKS FOR ALL YOUR REPLIES
XXXXX:beer:

Hi Dora,

Is there a cooling off period? Did you both sign it? What happens if you cancel it? CCCS or one of the other charities will be able to advise you - ring them they're brilliant.

My wife and I have been in business together since 1995 and always done really well until the beginning of 2005 when things started to go drastically wrong. By the time we were declared bankrupt we were £230k in debt.

There are all sorts of options open to you, keep reading the advice on this thread and speak to CCCS, it's a long and difficult road to getting your life back but it's eminently doable - as the stories on here confirm.

Keep hanging in there, and take one step at a time,

Rich