Thankyou Melanie.

I am confused about the time involved with bankruptcy.
Does it last 12 months or 3 years?


loulou5

Hi, Now i know an IVA is not an option for us, i have questions i am hoping some of you may be able to answer about going bankrupt. If me and my husband decided that bankruptcy was our best option how much would we have to pay each month if we had little or no income left after bills, food all other...

Hi Andy, Thankyou, i have just read Skippy's blog. I suppose the only thing i'm thinking at the moment is everything we're going to lose...it's all so negative at the moment for me. We'll lose our beautiful home, have our name in the paper, everyones going to know what's going on. Our three kid's ar...

Possibly my mother and her partner....but it's the asking and admitting to failure. It's not so bad for me but it could possibly tip my husband over the edge. The things that are going through my mind right now are WHY, HOW, WHEN did we get so deeply into this. Okay ....so if we did end up bankrupt,...

Thankyou for your kind words Tracy.

Hi Melanie,

I think i will go to my local citizens advice Bureau.

The only space i have is for 3 days a week for 1 more child (due to ofsted limits on how many children you can look after),and am currently advertising this space.

Could our worst case sceneario be bankruptcy?

Oh god.....can i stick my head back in the sand!
I know that's not the answer.....but this is so much to cope with.

Thankyou all for your replies. I'm writing as i think so please forgive my emotion. I'm devastated at the reality of our situation. I feel sick. What if it takes years to sell. My friend has her house on the market for 18mths. We tried last year but there was just no interest. Our house was valued l...

HI Melanie, yes that's right....£1360 direct debit bills £450 debt £1000 Shopping, petrol, clothing etc We tried to sell house last year but there was just no interest. I have the added pressure that i am a childminder so our home has to be suitable for this. I don't fully understand what you mean a...

Forgot to add on what we pay out in debt........Approx £450 per month .

total of £2810

thanks for your support tracy. My post natal depression ended approx 4 years ago....which shows how long we've been slowly going down hill with finances. I've just sat down and looked properly at what we actually spend. I'm in utter shock! i've just cried for the last hour. i normally just add up di...

Hi, thankyou for your reply and advice Melanie. Would it make a difference if we took a loan out with someone else and paid the two lower barclay loans off with that, and balance tranfered some of the abbey card onto another card (we've been offered plenty). That would make four companies we owe mon...

Hi everyone, i would like to ask your advice about if you think an IVA is the best route for me and my husband to go down. We have the following debt:- Husbands debt- Barclay loan approx £21000, Barclay loan approx £1700, My debt - Barclay loan approx £1000 Joint credit cards :- Barclay card approx ...