What shall I do!!??

MUMZ2BEE

I would just like some advice about bankruptcy or a Debt Relief Order.

I have a £10,000 loan, £3,000 on a credit card, but I am hoping to get this written off shortly.

I receive £800 a month as I am disabled due to health issues as my doctor wont allow me to work.

I don't owe any property, and of course have no savings.

I don't wish my name to be made public as I had received death threats from a neighbour who was arrested by Police (they didnt charge her because she was elderly).

What would be a better option for me a DRO or bankruptcy!!??

I do live with someone but we are not financially linked together as we keep everything separate.

Am very stressed at the moment so any help please!!

Thank you.

fiveyearplan

Hi and welcome Mumz2bee. Have you taken any advice from any of the free debt charities. That would be your first port of call. Contact details are on a sticky on the front page of this forum or in many people's signatures.

Also it is worth reading a lot of the threads on here for more information. It is difficult to advise with the little info in your post. Everyone's circumstances are different.

IF

Hi MUMZ2BEE and Welcome to the Bankruptcy (BR) Board. Agree with FYP, your first step is to make a list of all your creditors, debts and assets. Secondly and most important is contact one of the following debt charities. Please try these they don't charge and are impartial. They will go through all your options with you and if they suggest bankruptcy then come back to this board and we will help you all we can. Also if your not ‘clicking’ with one of the Debt charities do try another. We advise you to try at least two for your own piece of mind. Your BR could be refused if you have not sought advice.

* Blue text on this forum usually signifies hyperlinks, click on the blue links below *

Main recommended sources of help:

• National Debtline - Website: National Debtline Telephone: 0808 808 4000
• Citizens Advice Bureau - Website: Citizens Advice or visit your local CAB centre (find nearest)
• Consumer Credit Counselling Service - Website: CCCS Telephone: 0800 138 1111

Others:

• Business Debtline
  - Website: Business Debtline Telephone: 0800 197 6026
• Christians Against Poverty
• PayPlan
• TaxAid - Help with tax debts.

~ Please don’t do anything rash take your time and weigh up your options and read everything you can ~

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 the ‘Look here first’ sticky by Fermi.

BR friendly home insurance thread.

BR Friendly bank accounts sticky.

BR Abbreviations

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.


And do remember we’ve all been through this and anything you don’t understand don’t be afraid to ask.


Best wishes
If...x