Octagon, I had the same thing from the CCCS. Went through everything on their site, produced the whole document only to be told the same as you! Have you thought about IVA as an option. You mention DMP and BR, but it may be worth a look? Hi stressed-suzanne, Yes I originally explored that option bu...

Well I finally had my phone interview with the CCCS and its not very good news. After going over the income/expenditure form it seems I dont have enough money left for a realistic proposal to the creditors for a DMP. The high monthly repayments on the secured homeowner loan is the stumbling block in...

Just wanted to say I didn't mean to hijack this post!

I'm well aware there are lots of people in worse situations. Thanks for your kind words of support though, it really helps.

Thanks for posting this message, I have just got of the phone to the CCCS who advised me to call my creditors and make an offer to pay a token amount on my non priority debts until I have my meeting with a councillor from the CCCS. Its the first time I've actually admitted that I am in financial dif...

Many thanks for your replies. Melanie I have contacted you via your website. I really feel for everyone out there who has been where I am now on the verge of making a decision about what kind of future they want. For me the spiral of debt / consolidation / debt has been a part of my life since I was...

Thanks for the quick reply Ian. I suppose in that case initiating BR would seem to be the only realistic way forward. Am I right in thinking that a joint bankruptcy petition would be the next step as the secured loan and mortgage is in both our names? I feel like im moving toward the inevitble ;-(

Hello everyone. I have a question regarding a secured loan on my property. I am currently seperated from my wife living in the marital home alone. My wife and I are co-signitories to a secured loan of around £52,000. The mortgage is a joint one but my wife is happy to transfer the equity to me as sh...