OK, folks, many thanks for all your help

Pete

OK Andy I am stupid, our equity is actually approx £250k, of which half is mine. Now ballpark calculations suggest that my equity would cover the debts if I can get a mortgage! Our income is £39k with £34 being mine and the total mortgage commitment would be approx £230k (we have £120k of a repaymen...

Sorry Melanie. does that mean I have to go bankrupt, or is an IVA still possible?

Thanks

Pete

Thanks for all your help so far...

Just to add to the picture approx £90 000 of the £117 000 owed is mine alone, the rest is a joint loan with the wife. We have approx £150k equity available in the house, of which half is mine.

I hope this helps and again, thanks for all your help.

Pete

Hi folks, have been looking around this forum and obviously am in some trouble. I have £110000 of unsecured debt am currently "borrowing" £1200 per month more than I earn to pay these off. I currently take home £2100 and my wife £700. I am in regular employment and calculate approximately £500 exces...