Is Bankruptcy right for us?

philnicandamy

wot_a_life wrote: »

Have already been to CAB tj, but got to wait about 3 weeks for an appointment with a specialist advisor.

Have already looked into remortgage fiveyearplan but the repayments would be even higher! My OH has 4 ccj's amounting to £4000 so we are finding it difficult to remortgage at a rate we can afford.

We bought the house 2 years ago for £177,000, it's now worth about £190,000?

The debt that is chasing me if from a business my OH had some years ago, it is a building company and with interest added, they want about £6,000. The business went into liquidation but it wasn't a limited company when the account for materials was opened with this building company. We thought it was so it was a bit of a shock!

If a CAB advisor is not available how about ringing the cccs or national debtline? they'll do exactly the same as the CAB but over the phone instead of face to face & it'll be a lot faster.

links in my sig below

fiveyearplan

CCCS are probably quicker. They do an interview over the phone.

wot_a_life

Thanks for your replies guys, I've been in touch with payplan and they are phoning me Monday for an interview and chat over the phone.

Thanks to this board as I'd never heared of them before finding this site

Homework

Well done, you will get great advice and will know this week what your options are. Have as much information about your debts and your income and expenditure ready. Have a look at their web site before hand.

They will work everything out, contact all your creditors and make an offer and then you make one payment to them and it is all free of charge. If everyone calls you there is a reference number you can give and if there are any problems Payplan will call the creditor for you, you can also pass any letters on to them.

If debt management is not appropriate they will discuss this with you .

Whatever happens by this time next week you should know where you are going and what you are doing. Good luck