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Posted: Tue Sep 25, 2007 10:39 am
by stevie1108
Hi there,
I am new to all this however I feel I need to address an issue that may soon be a big problem. We are currently livivng and working in Oz I had a business at home that was supposed to provide an income whilst we are over here for the next 4 years. We have a secured loan on the UK house and as a result very little equity, and quite a few large debts cards loans etc. We are struggling as we are having to send back 95% of our Oz income to the UK and as things stand this will not be sustainable. We have no income paid in the UK, what would you suggest.[:(]

Posted: Tue Sep 25, 2007 11:13 am
by MelanieGiles
Hi stevie 1108 and welcome to the forum

Have we already discussed this before - your details seem very familiar! You really need to work out your overall budget to see where your money is being spent and if economies could be made. How much do you presently owe to unsecured creditors?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

Posted: Tue Sep 25, 2007 11:53 am
by stevie1108
MelanieGiles wrote:

Hi stevie 1108 and welcome to the forum

Have we already discussed this before - your details seem very familiar! You really need to work out your overall budget to see where your money is being spent and if economies could be made. How much do you presently owe to unsecured creditors?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

Posted: Tue Sep 25, 2007 12:07 pm
by mikebdomain
Hi stevie1108

What happened to your business in the UK is it still running?

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Posted: Tue Sep 25, 2007 12:21 pm
by stevie1108
The business in the UK is still there it has an overdraft from the bank and corp tax but no other creditors