brace yourselves! - BR in Scotland

poorsoul

Right, how about this one...

Split up with my ex over a year ago, we had approx £19k of bank debt(overdrafts and a loan) and owned a property. She moved home(60 miles away) and refused to pay towards anything and obviously didn't pass on her address to our creditors. I carried on for a few months on payment arrangements with the bank and mortgage lender but eventually gave up.

So as it stands, my wages are about to be arrested for the £19k(joint debt which only I am being pursued for) and I have had to surrender the property, and am awaiting the mortgage shortfall amount. Once this comes, I could find myself in a total of £50k of debt, depending on whether the mortgage lender decides to pursue my ex as well or if I just get hammered with it, like everything else.

I am now exploring the BR route and have been told I can apply now and include a sort of 'future debt' which would be the mortgage shortfall when it is eventually decided.

Any help, advice, comments would be greatly appreciated. Even if you're just telling me how stupid I was to sign joint applications with a mental girl!

dojoman

Hi and welcome, any shortfall in the mortgage would be included in your BR.
Do not sign anything after going BR in relation to your mortgage.

fermi

You mention "wage arrestment".

Does that mean you are in Scotland?

debtinfo

fermi wrote: »

You mention "wage arrestment".

Does that mean you are in Scotland?

Was just about to type that

poorsoul

thanks dojoman, I have already signed the voluntary surrender form and my mortgage lender is processing it now. I have been advised to go BR asap, before this wage arrestment really kicks in, but it's no doubt going to be months before the property is sold etc.

fermi, you got me, yes I am in Scotland

tigerfeet2006

Ot of interest who have you got advice on BR from?

poorsoul

tigerfeet, got the info from national debt line and cccs.

tigerfeet2006

Brilliant At least you did the right thing, you would be surprised the number of people who talk to all and sundry but not the right people.

All the best with it all.

poorsoul

who's a good boy eh? so are we all agreed then, if I'm in £50k of debt and I earn say...£20k a year, BR is my best option?

tigerfeet2006

We can't advise on whether you should go BR or not as we don't know your full situation, and we are not professionals. We can help with support and answering questions on procedure and how to fill out the forms.

If NDL and CCCS have advised it is your best option then I am inclined to believe them.

gillypkk

if both of them have advised that BR is your best option then i would agree with them.

i went BR in scotland last week and its was really easy. forms dont seems as complicated as they do in england and it was all sorted within 2 days.