IVA or Bankruptcy - hard to be positive

kitty_and_gucci_2008

will we still be expected to pay the ccj to th landlord if we decide to go bankrupt

chanz4

how do you use so much fuel, even commercial I only just about use that amount a month

thechippy

Are you joking?

I'm commercial and use £1040 per month.

What's £45 per week on fuel these days - gets you bloody nowhere.

kitty_and_gucci_2008

we travel 175 miles for work each week, car is a 1.8 insignia so uses alot of petrol.

thechippy

Kitty,

If you go BR - ALL debts are taken into the bankruptcy and that would include the landlord.

kitty_and_gucci_2008

thechippy wrote: »

Kitty,

If you go BR - ALL debts are taken into the bankruptcy and that would include the landlord.

thank you for your advice really appreciate it.

thechippy

Hiya,

No problem.

It's not something I would normally advise, but I do think you are a case where BR may well be the most sensible route.

If you want to know more, or the consequences of this action, you can ask on the BR board on here - they are a good lot and can advise you on what to expect.

Good luck in whatever you decide and keep in touch with us...;)

dancingfairy

Hi - I think you really need to speak to one of the debt charities and fo through all the options.
Try CCCS or National Debtline or your local CAB.
Oh and if bankruptcy is something you're thinking of you could try the bankruptcy board on here as I'm sure they'll help.
Best of Luck
df

DS4215

What are your current repayments for each of your debts? - Can you send token payments to some of them for a month so that you can clear others? If you are only £31 short can you charge your dad rent? - If he can pay £50 you can put that towards the smaller debts to clear them. Can he childmind while you are at work? - that could save £100 per month if he minds the kids one day per week....