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informed that i need to go bankrupt
Comments
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Hi pabinlove.
Trust me on this you are not alone. In fact on a lighter note you are in very good company http://forums.moneysavingexpert.com/showthread.html?t=4209690 -
well looks like i have to find £1000 ish then:eek: can only one of you go, i thought if your a couple you both go through it? got enough debt to go alone but with the wife not working i pay most of her bills will she still be afected still? or is it best to both go through it and start again fresh?0
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Bankruptcy is an individual thing. You can and have to do it separately, although many couples who are jointly in financial trouble choose to go through the process at the same time.
If just one of you goes BR at first, then if there are any genuinely joint debts like joint loans or overdrafts on joint accounts then the non-bankrupt partner will remain liable for the full debt.Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0 -
The only thing I can advise and it is only advice is to stop paying any cards/loans then try and save up. You will get hassled from creditors ,but bearing in mind phones can be unplugged and numbers changed and letters can be filed in a folder of doom.0
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the cab have given advice on somethings they also mentioned an i.v.a? can anybody tell me the difference between them both and which one would be better?0
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I'm not very up on IVAs but theres more info HEREThe first time we said hello, was the first time we said goodbye. As the angels took your tiny hand and flew you to the sky-you forever left us breathless. RIP my beautiful granddaughter
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Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0 -
thinking of you, i totally understand about the embarrassment, i just wanted the ground to swallow me up, however i will always remeber the guy at the court who told me to hold my head up high and walk out and start the rest of my life, he was the magistrate!! nobody goes bankrupt without it being the only option, in my experience anyway, good luck and walk tall!0
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also, forgot, when i went bankrupt i stopped payments to save up the money required, was difficult when they are calling you for money, just remember to keep your goal in sightxx0
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Hi Pabinlove,
I have just declared myself bankrupt and my partner will be doing that next month and the court are aware of that so you can do it one before the other if it's better for you
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