Posted: Thu Oct 25, 2007 10:17 am
right. im currently in the process of starting a new debt management plan with abacus finance but I am considering if its just worth going bankrupt as im really stressed out by all these bills and how little much money i have left.
ok here we go, questions and worries i have, im hoping someone can help clear my mind.
1. I have a car on hire purchase, its prob worth about £4000 and I use it to get to work every day which is 25mile round trip and I use it to also see my family sometimes who live over 100miles away. I know they will take this away from me as i have read these forums, but do they give u the money to purchase a cheaper car? i really dont want to loose my car without it it will cost me a fortune to get to work and nearest family
2. I have a contract mobile phone with t-mobile which im a month behind on payment but I am paying and need my phone for work etc, is it best to just stop paying this and get a payasugo phone before I go bankrupt?
3. Im currently renting in my flat and im worried my landlord will kick me out im also worried ill lose my job once they find out. i dont deal with finance at all i work in IT for a printing company but im not sure how to tell my boss etc it scares me. Not sure what the question is really just any advice.
4. I have a current account with alliance&leicester, will they close this? im not in arrears with them and my wage goes into that account.
5. My plan was to buy a house next year and rent out the rooms to my mates, and thus myself not paying rent saving me a little bit of money but i take it I cant do that unless I buy a house now before going bankrupt in a few months? but then again they might take it away again ? is it best on just staying in rented accomodation for now do you think?
6. What happens to little things like my sky tv and my internet etc? i use the internet for work as im a network admin so need access all the time but skytv could go im not to fust on that? i do have a big tv so obviously the person will take that
7. What happens after you file for bankruptcy, do they come round your house to make sure you havent got anything like big tvs etc if you put you havent got anything of value, bit scared of telling my flatmate aswell.
sorry for the long post just things on my mind
ok here we go, questions and worries i have, im hoping someone can help clear my mind.
1. I have a car on hire purchase, its prob worth about £4000 and I use it to get to work every day which is 25mile round trip and I use it to also see my family sometimes who live over 100miles away. I know they will take this away from me as i have read these forums, but do they give u the money to purchase a cheaper car? i really dont want to loose my car without it it will cost me a fortune to get to work and nearest family
2. I have a contract mobile phone with t-mobile which im a month behind on payment but I am paying and need my phone for work etc, is it best to just stop paying this and get a payasugo phone before I go bankrupt?
3. Im currently renting in my flat and im worried my landlord will kick me out im also worried ill lose my job once they find out. i dont deal with finance at all i work in IT for a printing company but im not sure how to tell my boss etc it scares me. Not sure what the question is really just any advice.
4. I have a current account with alliance&leicester, will they close this? im not in arrears with them and my wage goes into that account.
5. My plan was to buy a house next year and rent out the rooms to my mates, and thus myself not paying rent saving me a little bit of money but i take it I cant do that unless I buy a house now before going bankrupt in a few months? but then again they might take it away again ? is it best on just staying in rented accomodation for now do you think?
6. What happens to little things like my sky tv and my internet etc? i use the internet for work as im a network admin so need access all the time but skytv could go im not to fust on that? i do have a big tv so obviously the person will take that
7. What happens after you file for bankruptcy, do they come round your house to make sure you havent got anything like big tvs etc if you put you havent got anything of value, bit scared of telling my flatmate aswell.
sorry for the long post just things on my mind