Bankruptcy my only option?
I am after some advice if possible.
Im 32 years old living with my partner & have struggled with debt for the last 10 years. About 5 years ago it spiralled out of control, I contacted Stepchange and was placed on a DMP. I had my little girl in August 2022. Once maternity leave had finished, I returned to work part-time and it was agreed that a DMP was no longer doable so went over to an IVA.
I have been paying into the IVA for 6 months now, household bills and nursery fees have increased and im really struggling to get through the month with no money/being minus as in owing family. When setting up the IVA they also took my partners wages into account so its not as if he can help any more than he already is.
We are in a rented property and the car is in my partners name, so I have no assets/savings etc. I feel stupid for getting myself into this situation, I am currently dealing with depression and anxiety due to family health issues, so this added money stress really isn’t helping.
As far as I am aware my only other option is bankruptcy? If I was to go ahead with this do they still take my partners wages into account? My family are also unaware of my money issues so going bankrupt wouldn’t be published anywhere other than the insolvency register, would it? If anyone has gone through this what was the process like? Did it take long? Sorry for all the questions. I just want this whole situation sorted.
Any help/advice around this would be much appreciated.
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