well im bk again

[Reviva UK]

Hi
Have only just got back in so been off forum most of the day.

With regard to all of the creditors I am sure they will all sit tight for a few days while you review your options. If anyone phones and gives you some trouble the choices you have are :-

1. tell them you are speaking to a debt solution company and they will be in touch in a few days

OR

2. Don't confirm your date of birth & personal details on the phone because of data protection. Also your bank recommends that you don't give out personal details to people you don't know - so only following the banks advice.
Ask them to write instead.

If they can't confirm it is you they can't have a conversation so can't give you grief!.

take care

[anfieldbabe]

well after another sleepless night (and some tears) im still unsure of what to do i just cant get my head around anything at the moment i know it wont go away but bankruptcy scares the life out of me the fact that i will have to deal with it all (hubby deals with nothin i sort all finances and evrything out )my eldest is 16 in a week has well and has asked for a new phone cos her old one broke and she very rarely asks for anything i havnt even spoke to hubby concerning br cant find the right time kids always there and i dont want them to know anything what am i gonna do

[anfieldbabe]

oh and last night kept gettin phone calls from companys ie money group and a couple more can we save you money on your mortgage yeh right and itll cost prob 2000 pound to do this shove off and leave me alone not got 2 quid to me name just lately

[Reviva UK]

It might help if t=you go through the separate solutions to debt and talk about each of them.

IVA
Bankruptcy
Debt management
Consolidation
do nothing & hope for the best.

If you go through each of these ( any you now have some good info on each of them) then you can work through the likelihood of that solution being right for you.

For example you don't have enough equity to do a secured consolidation loan or remortgage so that is not likely etc.

From what you have said so far you should look at either DMP or BR.

However due to the low disposable income you actually won't clear your debt at all but it would be a way to calm down your creditors a little.

Again happy to speak to Mr Manubabe if he needs to understand more fully the options.

take care

[Skippy]

I like the name Mr Manubabe!

Good luck with getting everything sorted out, you'll find a solution in the end. I can't remember if you've said, but do you have much equity in your property? The reason I'm asking is that BR really isn't as scary as you think and would put an end to your debts once and for all.

I was worried to death that people would find out, and in the end I told the people closest to me, and they were fine. My main worry was that Dave's ex wife would see the notice and tell his mum (who has never been in debt in her life), but she didn't and I would have dealt with it if she had - I would have had to.

[anfieldbabe]

now what do i do i eventually got in touch with our local c a b after 3 weeks and i now have a appointment with them not til the 18th march mind ya so do i just tell my creditors im in touch with them and that i will contact them when iv been in touch with the cab or what hubby not happy with the thought of bankruptcy so its either leave him and go it alone or stay and struggle even tho we been 2gether since we were 14 bless him but just want this mess sorted(my fault we in this mess but we all make mistakes i suppose)

[MelanieGiles]

Tell your creditors you cannot afford to pay them anything at the moment and that you are taking professional advice as to the way forward. Bankruptcy will bring you immediate relief from debt pressure, so to some extent is is an ideal solution for someone in your position, but of course you have to want to follow that and if your husband refuses to consider it then unfortunately this pressure will probably continue.

[anfieldbabe]

he will go along with what i want but i think he wants it to be the last resort when every other avenue has been exhausted if i make any sense