Bankruptcy

[Shanks]

Hi All!

Its been a long time since I have been on here as I had lots to sort out.

I just wanted to say thanks for all the input you all gave me.

I have been in constant contact with my IP for months as I was made redundant but fortunately found another job pretty quick, although it is lower paid.

As I am now on a much lower wage, my IP advised me that bankruptcy was my best option and guided me through it. Now just waiting for the court date!

3 years in an IVA and now bankruptcy.....crikey!

[kallis3]

Hi Shanks and nice to see you.

So sorry that it has had to come to bankruptcy, but at least you are positive about it and you can draw a line under everything and start again.

Good luck with BR and don't forget to let us know how you get on.

[Shanks]

I will indeed let you know how it goes.

Im keeping positive but it is rather scary!

[ivas4us]

all the very best with your BR

[wonder]

Good luck Shanks, its a shame its come down to BR after so long in iva. Best wishes to you.

[kallis3]

If you need any help with anything Shanks, we're here for you.

[wonder]

To be really honest, sometimes I feel like going bankrupt as I dont have anything to lose, dont have a job where i need to protect myself & doubt in the future I will. Haven't got a house and it seems it would be better in the end as we would have more money to live on even though I still might pay money out over 3 years but not as much as now. But at the moment I wont because I think We can struggle a bit longer, pride wont let me and I spent the debt so I neeed to pay some back. Just wish it was all so easy, but which ever way you choose its sooooo hard. I dont feel relief for being in an iva as I still worry about money. AAghhh!!

[ivas4us]

but is a damn sight easier than worrying how to pay creditors. I am really happy with an IVA but I would use BR if I felt that is was the best way to survive.

[wonder]

I was paying my debts ok, but I admit it would have taken years longer.

[Max]

Wonder, like your other half, you can hold your head high!!!

[Shanks]

I did 3 years in my IVA so I feel a bit better that I have paid some back, just cant afford it anymore!

[kallis3]

Shanks, you have done your best.

You can hold your head high.

[Max]

Jan is right - you hold your head high!