Drowning in debt

skintandfat

I think that bankruptcy isn't an option in your case

Do you have family members that could buy a share of the house- ie they give you a 'loan' and get a proportionate share of the equity in the house?
You would have to make sure that they got the correct % and that they could not be seen to be favoured over another creditor

This would secure their loan against the house and prevent you from losing it.

There is nothing to stop someone you trust buying your house at full market value, you paying off your creditors and renting it back.

Seek legal advice before going down any route that affects your house

PippaGirl_2

Lou, this board rarely has any judgement on it - almost all posters are helpful and polite. I did see your thread and as soon as I saw the title and the post I suspected the lurkers/vultures who are those who very occasionally land on the weak and vulnerable would immediately see as a challenge that they would not be able to resist. And they did. Fortunately those judgemental people usually stay in lurking mode and it is very rare here.

wheezy57

Jox wrote: »

Sod the ex, I'm sure there will be karma to pay!

I googled room to let Cumbria and can see that rents seem to be £65 or £80 a week, can you put an advert on Gumtree or a website like this and see if you get a nice lady for example to move in maybe just for 6 months to see how you get on?

That could bring in around £1700 - £2,000!

http://www.spareroom.co.uk/flatshare/cumbria/

I think that Karma is on holiday right now. I could do with a real, deep and meaningful result here!! Some get away with it and some dont. He did. He has a new woman now (5yrs now) and I am really scared he will leave all his ill gotten gains to her and not our two children (aged 33 and 25). Enough enough. I am trying to be positive here and I making myself all miserable again!!

That link was very interesting. Will absorb later on when I get time. Thank you for that.

wheezy57

Lou67 wrote: »

I beg to differ. I put a thread on here today asking if people find peoples attitudes toward them rather bad, (after they have gone bankrupt,) and said someone was rather nasty to me on a message forum... and there were some very judgemental and spiteful comments on my thread. I was quite stunned as this is supposed to be a bankruptcy support board, and the sticky at the top of the page, states, "this is for help not judgement." I reported the thread and asked for it to be deleted, as the provocative and trollish comments got out of hand. Thankfully, it has now gone. I foolishly responded to the bait. I won't make that mistake again. :beer:
Re; the OP's comment. Yes, go for it! There is no feeling like having no debt, and you can start afresh completely! Myself and my husband have slept soundly ever since and have never been so happy. We don't own our own home now, we rent; but we don't care, as the house was bleeding us dry anyway; with constantly forking out 1000s of pounds worth of repairs. As soon as we spent 1000s on something, there would be something else!

I wouldn't buy again if my life depended on it. Renting all the way! Freedom, no repair bills and someone else can fork out for insurances and all that crap!

Since we were discharged a year ago, my husband got more hours at work, and we have now got £3,000 savings, (which we have saved in 9 months!) We have no credit cards, a basic bank account, and no storecards, and no debt whatsover! We save for stuff when we need something and have an 18 year old car, but NO DEBT! Our daughter is nearly 18, and the world is our oyster with NO TIES! :T

(To be honest, I think this is what gets up peoples' noses; they're a bit jealous and bitter that people who go bankrupt are free of debt TOTALLY) And this is what encourages the spiteful remarks.

That was such a heart warming post. I am soo pleased that you have gotten out of that dark dark place called Debt and into the sunshine (god that sounds a little American but I meant it). I know that life has alot to offer but right now I cant seem to find it!! I sincerely hope that you all now go forward and just enjoy what life has given you and that you raise a glass or four to your hard and painful experience which you have survived and halleluiah to that.

One last thing. There will ALWAYS be spiteful and nasty people out there. The trick is to just think of them as just that. Horrible, mean and nasty people. But, you all have risen above them and done the appropriate thing - keep on holding your heads high.

Oh and one last last thing. Isnt it funny how much we can survive without a credit rating. Mine has sunken lower than the Titanic but I am still alive - strangely. I was told a long time ago that if you dont have a CR then you are basically dead in this day and age of consumerism. I am still alive albeit a bit wobbly but still here.