Thanks Sam for those words. As I look into this situation deeper and deeper, there is absolutely no simple way of sorting this huge problem with all the will in the world. As you say I have sought professional advice, done a lot of reading about the siutation and as you rightly point out at the end ...

Hi Caraf When Tina helped me figure out my monthly outgoings and everything we need to take into consideration we realised that I was in the hole about £100 every month, so no extra income left over, which means we are not good canditates for IVA. Only other alternative is bankruptcy. Believe me I a...

Thanks Aguise, I will try that also. I feel absolutely paralized with fear as there just seems no way out and I have a 22 week old baby and 5 year to worry about. I cannot believe that two hardworking people like ourselves have reached this point. I really just want to keep the roof over my kids hea...

Thanks Mish I will try co-op. We have a bank account with Nationwide which we do not use. Could use it but when they find out our situation would they close it. Think Bank - you need to pay for and that kinda defeats the object to my mind. Sounds like you need to keep your money in a shoe box...lol....

Thanks again Melanie, I will do that.

The reason I asked this question Melainie is because of all the posts I have read where people have said they are having trouble opening a bank account because of their bankruptcy status. I have just opened one and now I am afraid to move my salary there in case the OR freezes the account and I then...

Thanks Melanie, Tina was very helpful and we will keep you all posted as to how we get on.

If you go bankrupt and are not allowed a bank account, where can your salary be paid so you can pay your gas and other household bills?

Thank you all for your response. Will keep you informed. Waiting to lay it all out for my husband as we never thought it would come to this. We thought we would be able to do IVA and deal with it that way Bankruptcy is a real wake up call but it has to be done.

Thanks Aguise I did think it rather strange that it took so long for someone to answer this post. On my other one I got several answers quite quickly. You are right I looked it up on the Insolvency Service in the end. We do not have any surplus left at the end of the month, but by all accounts altho...

I have come to the sad realisation with the help of Tina that Bankruptcy is the way we will need to go in order to sort ourselves out financially or go under. I thought when you went bankrupt you did not have any surplus and therefore you cannot make payments to anyone. So what is an IPA payment and...

Thanks Andy, I will do that.

Well folks, thought I would keep you informed of my progress. I had a long and honest chat with Tina who works with Melanie and basically we worked out that an IVA won't work for us we might well have to declare ourselves bankrupt. Need to discuss with my hubby when he returns from a work related tr...

Well just to keep you all informed I have started the process of openning up a new bank account. Still learning a lot from the forum and I am still doing my homework. Thanks again for all the help, advice and support.

Thanks Angie, we make all our miniumum payments every month, we are not in trouble with our creditors yet. But by the time we have done all that, we have no money left for the every day things, like food and bills and therefore we use credit to do those things, and hence you are on this merrygoround...