Hi All I recently put on a post that didn't make a lot of sense as I was in major panic mode at the time. A lot of people replied and gave good advice. So I am now back looking for more help - although I still think that I am a lost cause. Outgoings are as follows Water £42.77 TV Licence £12.00 Gas ...

Thank you for your help - I really am very grateful

Hi

thanks for your advice - would we definately lose the house if I went bankrupt? As we have two very young children would that be taken into account?

Thank you for your help

thank you for your replies but i really think it's hopeless. income = 2850 mortgage - 1415 childminder - 1050 debt repayment 700 per month spread over 10 creditors ctax 120 gas elec 80 food £200 (2 adults 2 children) water 42.77 insurance - 50 car (will be sent back - am sorting that out now) £238.0...

our outgoings are more than our incomes by a huge amount. I phoned the cccs who just said to ask our creditors to accept £1 a month but I don't know how that works? What if they say no? We just don't have any money - the mortgage is interest only and we don't have any equity. I don't know what to do.