Welcome Newbies and Lurkers - Part 2

solventsoon

Good morning If and Dojo, hope you're both well today:)

Love the picture Dojo:T

dojoman

dojoman

Hi SS, I am fine thank you, hope you are too?

fermi

SomewhereOverTheRainbow wrote: »

Hi

Have been reading for 3 days now and got my head around a lot of issues but first some background..............

I am full time employed, my husband is self employed (sole trader)................in the last 18 mths we have managed to clear almost £20k of debt by living as frugally as possible and not accuring any more debt.

However, probably due to the hike in interest rates for cc, and a slight decline in business for DH, we are beyond struggling now............and unable to meet our financial committments. Each month we have at least one missed cc payment.

I spoke with our accountant on Thurs, having already completed CCCS online help, Acct recommneding BR, CCCS - IVA. Spoke with IVA.COM yesterday, a very helpful man spent an hour on the phone with me and answered alot of queries. Accountant, who is not IP, spoke with me again yesterday having consulted with IP, and is still recommending BR although admits he knows little about IVA. We are going to talk again about it.

I am really unsure about when to stop paying cc's - and although I have no desire to add to my debt, some of the cards having available credit on them which would be great in contributing to court fee's...............This month I have paid some cc's and don't have money to pay others - what to do?

Acct assures us the business is and will be fine. We have no creditors for it, just casual credit arrangements with suppliers who we have managed to keep up payments to - we have to to keep business afloat.

Acct will help me work out what DH's income is because, of course, to us we have no money for budgeting food, fuel etc, we have been living from hand to mouth for months now.

Part of me is so very disappointed that this has come about................part of me is relieved that the days of pouring over spreadsheets every weekend trying to keep the wolf from the door.

Any comments re cc's or advice, in general, would be much appreciated.

Hi.

This would be easier to help with if posted in it's own thread.

I'll move your post into one and add a link to it below once I have.

Link here: ---> https://forums.moneysavingexpert.com/discussion/3593691

SomewhereOverTheRainbow

THank FERMI that's very kind of you!

IF

Thanks Fermi xx

IF

Have a happy 5th Nov and be safe mind!!

solventsoon wrote: »

Oh dear, sorry If:( Hopefully you'll be bright and chirpy tomorrow xx

Thanks Spoon, I am :j:j:j

Hope your well too xx

IF

IF

Love fireworks me

IF

Welcome to the Bankruptcy (BR) Board.

Hello and Welcome, Many of the posters on here have been through bankruptcy. They will be able to help, advise and also offer you support. We do have poster's who have/do work for the OR and Debt charities too.

Written by Fermi our board guide:-

"Many people find that debt and bankruptcy is the cause or result of a period of great distress and anxiety in their lives. For some this can reach a stage where it is difficult to cope. So I would remind you that The Samaritans are available to help you through your troubles if the emotional side threatens to become overwhelming."
The Samaritans - Click here

Helpful Links and Information.

To post your question go to the top left hand side of BR board, opposite the page numbers and press the "New Thread" button as shown below:

And type in the Title to your thread. If your post doesn’t get answered straight away please don’t lose heart, it’s often due to not being a 100% sure we would be giving the correct answer. If you find your post is not answered and it’s on page 2, please ‘bump’ your post back up the board.

We often ask you to post your SOA so we can see if you have included what you need to:-
MSE SOA Calculator - Click here Select the MSE format at the end. Copy and paste onto your thread.

For ‘essential’ BR info this is Fermi’s sticky - Click here

BR friendly home insurance thread - Click here

BR Friendly bank accounts thread - Click here

BR Abbreviations - Click here

IVA & DRO Board - Click here

If you are new/old to this board and receive/see a comment that is not helpful or insensitive please don’t let it put you off posting, often these comments are made by people who don’t normally contribute to this board and don’t speak for us.

What to do if you get an insensitive or hurtful comment - Click here


Best wishes
If...x