that seems very peculiar - so Tax office will give me tax relief for a year to get my debts paid off? But nothing comes for free , surely it is to be repaid later to IR or not? if it is to be repaid what is the point? it simply transfers liability to the tax man and then they will increase the tax c...

oh i think I will put my blog somewhere online , my experiences and all my life seems weird enough to write a book

so do i have to pay that tax back later to inland revenue in the following year or how does that work?
I'm unlikely to be able to raise fees for BR sooner than december , then it takes some time to process so supposely i could get judgement somewhere in february?

oh , i thought it was on a 'per head' basis. that's good then. oh this all is driving me mad. one one hand i can't afford iva on the other there too many risks involved with bankruptcy. I saw on one of blogs here that someone was put on 0% tax band in order to redirect those funds into Trustee and p...

Tax credit comes back with £2/week entitlement rainbow .. i don't want to involve State into all this now anyway , there are families out there who really need those funds more than me I think two possible solutions are cut down on nursery - get au pair as Melanie suggested or give up and go petitio...

:) The old saying goes that a man has to have a child , build his own house and plant a tree .. The BR isn't the end of life , surely not - but the end of stability in terms of owing something like a house. To get back on a property ladder I'd have to wait until my wife gets on 25k job or better and...

Yeah , the cost is associated with me working shifts from 7am to 7pm and the extra hours are payable at enormous rates , plus due to me not having a car means the nursery has to be accessible en-route to and from work which makes things even more expensive (city centre) We do not get tax credits or ...

No , she was sat alone at home for 2 years which is enough to drive anyone mental not to mention asking her to give up work again. Imagine she has no friends here , no family , not going out a lot , how is anyone ever going to bear such situation - so she finally managed to get part time work to go ...

Come to think about it , if I got rid of the phone and boradband completly and perhaps be able to raise little over £100 a month would IVA be an option then? compared to the size of the debt spreading £100 among 5 creditors doesn't seem like a decent dividend does it? Even if I gave up contingency a...

I will only mention that the creditors - well at least the 16k one has offered me reduction to even £3k and £2k respectively at times to force me to remortgage - I wanted to do this but with negative equity and that level of commitment that wasn't do able - so they got mad thinking on my salary I'm ...

well the only reason such thoughts are in my head I have a family to support and make the house safe for them to live in. I honestly would just go IVA route because that is what consience tells me to do but then this would mean constant financial struggle for my family where they aren't to blame for...

Hello I have together mortgage with Northernrock for 96 thousand where 76 is secured element the remainder is unsecured. Our house is worth about 85k, joinlty owned , jointly mortgaged although it goes out from my own wage only as wife only gets £400 a month. I've incurred 30k worth of debt. Now the...