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majorprobs

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  1. Hi all, Well things are starting to move along all be it slowly but i am seeing some things start to go the right way. The wife is now on a housing list for the council and housing association and i have just been moved into a one bed flat. The creidtors are actually not chaisng me as much as before since i told them my intention was to go bankrupt, the plan is that we will both go bankrupt at the same time probrably after xmas. Being proactive with the housing was a good idea as now my ex is able to arrange housing without the need to have a huge deposit which is great news. I have also spoken to my employer and explained in full the situation and they have actually offered some support which is great and they even gave me a written guarentee that my job wont be effected as i have been there for 10 years etc. Finally seeing some real good things happening, the hardest part i know is yet to come but i know i can get this sorted now thanks for all your help i will post again once i am near to the bankruptcy etc.
  2. Hi dantripled and every one else, thanks for your advice and support you have all been amazing i have a much clearer view and have started to take a bit of a proactive approach towards the housing situation. i shall keep you all updated. cheers
  3. Hi everyone thanks for your advice things are really getting clearer for me i will keep posting and asking questions as i come across them but i really mean it when i say thanks
  4. ok after the help dodgy geezer gave me yesterday i feel alot better. i spoke to my wife who has agreed that she thinks it is best to go bankrupt, the problem is the debts are mostly in joint names so this would mean she would also need to go bankrupt. as she said if i do it then she will but also she will see i am serious about getting it fixed. i have a couple of questions though and will prob have more as i go through things. 1. re the house i know it will be reposessed and to be honest i will be glad to see it go with everythin that has happened recently. Am i best in waiting for the repo before going bankrupt or should i just do it now. The house is the only asset i have and the furniture is not luxury things. 2 once the house is reposessed it may not sell as the area is not selling well at the moment, will this effect my bankruptcy i.e do i have to wait for a shortfall to be declared or can i advise the or i have lost the house but know there will be a shortfall 3 will the or penalise me in anyway due to having my house repossesed prior to bankruptcy. sorry for the questions i am just trying my hardest to do things right,
  5. Thankyou so much you are right i have to make a choice, i have spent this morning reading so many posts and to be honest i will think long and hard before i make the final desicion i want to speak to my wife and see if she really would take me back if i did it. Thankyou so much for you advice and taking the time to answer my questins. I will re post once i know what top do but would appreciate your continued advice if i have any further questions. Thank you so much
  6. Hi dodgy Geezer thanks so much for your offer of help i have posted a new thread i hope i have done it right
  7. Hi all, i really need some help as everything is slipping through my fingers and i dont have a clue what to do and would really appreciate some advice. I have been trying for years to get out of debt and have literally now tried debt management and every other idea i could think of. I have had a slow list of major impacts involving my family which has torn us apart and i feel like i am loosing everything. I have had to move out of the house that i shared with my wife and 3 children and even now that could be repossessed. I have been foolish and taken out loans to pay other loans and i know it was stupid and my own fault but i want the stress to stop it is costing me everything i hold dear to my heart (family). I earn a reasnably good wage but my ex partner does not and since a recent tradegy the debt has just mounted up and up with loans. overdrafts and secured loans etc etc etc. I really want to be able to stop the continuos calling, letters and texts that i am getting even though i have been paying what i could. My wife has said she would allow us to get back together if i try and sort this out even if that means we loose everything and start our lives afresh. the house has 2 secured loans (both taken out within the last 2 years) and a mortgage totally costing us £900 - £1000 per month and is now heavily in negative equity, my other debts all loans overdrafts etc total £35000 or more. The total time for the dmp would be 7 years but the house has not been paid for the last 2 months and my wife is now looking for another house with the council but they have said we can not just hand back the keys as this would not help her request for a property. I honsetly cant cope anymore and need someone to slap me into shape before it goes even worst. Please let me know what my best option is should i just go bankrupt or is there a point in trying to sort this out to make all the creditors happy. I will never again use credit as it has cost me so much in my personal life, this will be the 15th year of my wedding and i am in so much pain inside knowing how stupid i have been to take loans and credit cards like i have in time. If i go bankrupt can i face nay jail terms i have not been dishonest just stupid, i know i will loose everything and am i best to let the house go first because that is going to happen soon anyway i really dont have a clue and really need someone to advise me before i have a total breakdown, each day it justr gets worst and seeing my kids and wife each day knowing i have caused thier pain as well is tearing me apart. PLease can someone let me know what vto do and what to expect as i am so afraid i will make a bad situation even worst. Separation and DIY Divorce An idea wedding present? Why not be prepared for the worst. Follow this link to read the review of Lawpack's Separation and DIY divorce kit. This DIY Divorce Kit can show you how to arrange a quick divorce on your own, without the expense of a solicitor. Get divorced as often as you like with a single kit. Takes the fear out of gettng married.
  8. Hi all, i really need some help as everything is slipping through my fingers and i dont have a clue what to do and would really appreciate some advice. I have been trying for years to get out of debt and have literally now tried debt management and every other idea i could think of. I have had a slow list of major impacts involving my family which has torn us apart and i feel like i am loosing everything. I have had to move out of the house that i shared with my wife and 3 children and even now that could be repossessed. I have been foolish and taken out loans to pay other loans and i know it was stupid and my own fault but i want the stress to stop it is costing me everything i hold dear to my heart (family). I earn a reasnably good wage but my ex partner does not and since a recent tradegy the debt has just mounted up and up with loans. overdrafts and secured loans etc etc etc. I really want to be able to stop the continuos calling, letters and texts that i am getting even though i have been paying what i could. My wife has said she would allow us to get back together if i try and sort this out even if that means we loose everything and start our lives afresh. the house has 2 secured loans (both taken out within the last 2 years) and a mortgage totally costing us £900 - £1000 per month and is now heavily in negative equity, my other debts all loans overdrafts etc total £35000 or more. The total time for the dmp would be 7 years but the house has not been paid for the last 2 months and my wife is now looking for another house with the council but they have said we can not just hand back the keys as this would not help her request for a property. I honsetly cant cope anymore and need someone to slap me into shape before it goes even worst. Please let me know what my best option is should i just go bankrupt or is there a point in trying to sort this out to make all the creditors happy. I will never again use credit as it has cost me so much in my personal life, this will be the 15th year of my wedding and i am in so much pain inside knowing how stupid i have been to take loans and credit cards like i have in time. If i go bankrupt can i face nay jail terms i have not been dishonest just stupid, i know i will loose everything and am i best to let the house go first because that is going to happen soon anyway i really dont have a clue and really need someone to advise me before i have a total breakdown, each day it justr gets worst and seeing my kids and wife each day knowing i have caused thier pain as well is tearing me apart. PLease can someone let me know what vto do and what to expect as i am so afraid i will make a bad situation even worst.
  9. Hi all, This is my very first post and i am sorry if i have posted this in the worng place but i really need some help from everyone. I have made some serious errors in my time and now ended up in major debt, this is my own fault and i accept that the debt has to be repaid. I have started a debt management plan through payplan who have been really really helpful so far. Some of the debts have been a result of continued charges through companies such as cap one, bank of scotland, barclays and natwest to name but a few. I had always been able to pay the debts i had until a recent tradegy impacted my life and the way i work which meant i left myself in a terrible position (again i know it is my own fault). Now that i am starting the plan do i still have any rights to see if i can recover some of the charges as they do in my opinion amount to a large amount of money. This i would be happy to go straight into the plan to ensure the debts i have are reduced as i know i should and will pay them back even if it will take me a while. I dont know if i should speak to payplan first or just deal with it myself, if i am ok to do this could someone let me know and also any advice on how to deal with it would be great. One last question is where do i stand on catalouge debts? my partner has a debt to littlewoods that she is paying but they just keep throwing up her limit even though we have asked for it to stop. The balance is now 1400 and i have burned the books and asked payplan to include the debt in the plan which they have done for us. I really want to make a fresh start and i understand that i am the person who allowed myself to get into this issue, but some advisce would really be appreciated if there is anything i can do to reduce the debts and get life back to normal. I have no intention of ever using credit again as it is a death trap when you dont manage it. Please please please can someone give me the best advice on what to do. If it is best to say leave the issue and pay everythign back then thats what i will do, but if i can get some paid back this way i would be so pleased. Once again sorry for barging in on the discussion i am not sure how to do things in here but will read up. many thanks Majorprobs
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