Should I go bankrupt?

Amethyst1968

I am about £30,000 in debt with credit card companies, loans etc. A dmp co are managing all the companies for me, and I pay £150 per month by direct debit for them to distribute. I've been doing it for nearly 2 years now, and its not even scratching the surface of the debts. Should I just give up on dmp and go bankrupt and have done with it? I am worried about my job if I do, I am training to be a nurse, would it effect that? Also, when I qualify, would the creditors expect more money from me if I kept with dmp? I am also worried that if I ever do become sorted out that I won't be able to get a mortgage. I am still getting the odd hassle if dmp are late paying my creditors, who then phone me up and are very unpleasant and quite rude to me, even though I have paid dmp the money already.

Not sure what to do - Plod on with dmp or go bankrupt? What do you think?

rog2

Hi Amethyst - It's certainly a dilemma, and there will be no easy answer.
Yes, Bankruptcy may be an option and would, certainly, give you a fresh start.
Bankruptcy is NOT likely to affect your future career in nursing, but there could be other imlications on your life.
You really need to discuss your position with one of the Debt Charities to get a professional overview of your current situation.
Have you discussed it with Payplan?

tigerfeet2006

Amethyst why don't you pop over to the Bankruptcy and Living with it sub board and the chaps and chapess's over there will be able to answer any questions you have. I do know that the first thing you are going to be told is to seek proffessional advice from one of the debt charities as if you do go bankrupt the Judge will ask you if you have.

Here are the numbers....
Consumer Credit Counselling Service (CCCS) - Tel: 0800 138 1111***National Debtline - Tel: 0800 808 4000 ***Payplan - Tel: 0800 917 7823

Amethyst1968

Thanks for that guys, I have reposted in the bankruptcy and living with it thread. I will contact dmp, but i suspect they have a vested interest in not wanting me to go bankrupt. I will ring CCCS tomorrow. Cheers!