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I know it doesn’t make a difference to what’s best now, but how did they end up with so much saved yet no ability to service their debts?exploringbeaches said:
Fixed term lasts another 15 months. Talking about £25k debts. But savings are around £70k! Bank said they'd release the money if she declared bankruptcy... Bit late by then!Grumpelstiltskin said:How much are talking about and how long does the fixed term have to run?
Once they are through this it’d be a good idea for them to try to build up an emergency fund to avoid this type of problem in the future.0
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