In a hole, advice needed

sallymeak

I am going to have to go bankrupt but have a few questions:

my property is on an interest only mortgage, really there is no equity in it but I am hoping by time the mortgage is called in I’ll be able to sell it to cover the mortgage. This is joint mortgaged with my mum, I’m worried that if I go bankrupt, my 67 year old mother will go bankrupt also with being joint despite her not having debt. The mortgage will be called in in 5 years and at present I have no way of paying for this, no savings or Isa  

will it be 3 years that the take anybsoare income? If so, would it be more sensible to do an IVA or similar so as not to risk my mum? 

Will they take all my non essential items? 

Sounds silly but I have some expensive sports equipment as I am a triathlete and it’s my escape from a very stressful job and I’m suspected of having adhd and exersise really helps keep my head straight - will this equipment be taken? 

My car is on Hp, will this be taken also as I need it for work 

thanks 

fatbelly

Please do not petition for your bankruptcy without taking proper advice. It's very easy to do and very difficult to undo.

There are lots of points in your post that indicate that you do not understand what bankruptcy involves.

Take a step back. Go to the debt-free wannabe board and post a statement of affairs

https://www.lemonfool.co.uk/financecalculators/soa.php

luvchocolate

I would contact one of the debt free charities Stepchange...national Debtline etc. 
The house would be my biggest concern as in joint accounts the other party would become liable for the debt upon BR. 
Do not pay for advice..please call one of the charities. 
The Insolvency website is good for information