We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
What to do?? Bankrupt or Not??
dave466
Posts: 15 Forumite
Hi all.
I currently have about £20'000 worth of unsecured debt, all of which is with
various debt collection agencies.
I have one debt of about £950 which is a ccj which i pay £10 per month to, all the others i have not paid since last april and even before that i was just paying willy nilly. I've never stuck to no payment plans.
This has been going on now for about 5 years as i havn't been bothered, ive ignored tonnes of letters and phone calls.
I have now settled down and got a family and want to get this sorted once and for all and have a fresh start.
What would my best options be and if my best option would be bankrupt, where would i stand as in my posessions?
I have an R reg car which i need for work and other things are just main household appliances with the tv being an lcd?
Many thanks in advance.
I currently have about £20'000 worth of unsecured debt, all of which is with
various debt collection agencies.
I have one debt of about £950 which is a ccj which i pay £10 per month to, all the others i have not paid since last april and even before that i was just paying willy nilly. I've never stuck to no payment plans.
This has been going on now for about 5 years as i havn't been bothered, ive ignored tonnes of letters and phone calls.
I have now settled down and got a family and want to get this sorted once and for all and have a fresh start.
What would my best options be and if my best option would be bankrupt, where would i stand as in my posessions?
I have an R reg car which i need for work and other things are just main household appliances with the tv being an lcd?
Many thanks in advance.
0
Comments
-
Contact CCCS.Why didn't someone kick me up the backside earlier:mad:
Nerd 325 "Proud to be dealing with my debts":j0 -
Welcome to the forum Dave!
Absolutely contact CCCS!
Don't try to tackle this alone, keep posting on here, you'll get lots of great support and advice without being judged.
...Linda xxIt's easy to give in to that negative voice that chants "cant do it" BUT we lift each other up.
We dont count all the runners ahead of us & feel intimidated.
Instead we look back proudly at our journey, our personal struggle & determination & remember that there are those that never even attempt to reach the starting line.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.5K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.4K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards