Bankruptcy

[Skint77]

I have ran into serious problems; I am over �5k in arrears with mortgage/utilities etc. My partner left me 4 mths ago & and I have since had my hours reduced at work. I cannot physically afford to live in this house anymore (i've had it up for sale for 1 yr with no luck), since the crunch, the house is now in neg equity, therefore I cannot reduce it anymore. I get a small wage each month and even if I did get a cash injection of �5k, I couldn't afford the monthly outgoings alone. I have a young daughter and I've been advised (unofficially) to go bankrupt. BUT, I cant afford to save for the fee!?, what happens if I don't go bankrupt of my own accord, will someone else make me bankrupt & what are the consequences of this? My family have offered to help me out with somewhere to live once the house gets repossessed, so I have somewhere to live at least. My ex is not legally contracted to any of the debt as all bills / liabilites were in my name as I owned the house prior to him moving in. Thanks in advance

[stonekicker]

who on earth advised you to go bankrupt for �5k? i find that staggering! you would be much better off putting your house on the market now at an attractive price and seek to sort out your debts with the proceeds. negotiate some repayment with people you owe money to and get off your butt to find some work (its out there if you want it - i have cleaned toilets for a living before now!) to help in the mean time. oh - and get yourself some decent advice - not the idiot that told you that!!! good luck - it can always be sorted out...but think!!!

[Ethel]

And get a lodger or two.

[chazza]

Can you get yourself to the Citizens Advice Bureau? They'd be able to give you better advice based on your situation

[Skint77]

To the people who advised yesterday: Firstly, my mortgage pmts I cannot afford alone - house IN NEGATIVE EQUITY - IE loans outweigh value of house - Ethel (who is usually full of great advice) I cant take a lodger or 2, I have a 2 bed, with a young daughter, who also has a disability - a lodger would be far too distressing & dangerous. As for STONEKICKER - how dare you tell me to get off my butt & find some work??!! I've worked for 22yrs non-stop since leaving school, ran a business - and work very hard at the present time - my employer has reduced my hours - its either that or the dole queue - as he cant afford it. Due to a progressive hearing problem, I am limited as to the work I can do - AND i am not one of these shirkers who claim any benefits whatsoever, never have done, I've always paid my way. I SUGGEST YOU READ QUESTION BEFORE YOU ANSWER - I could go into further detail & fully explain why I propose to go bankrupt, but quite frankly I cant be bothered cos the only person with a decent reply was CHAZZA, thanks by the way, I'll go to the CAB as SK is a complete
t0$5er & ethel is obviously in need of her meds - I am quite honestly offended - I asked a simple question, and the "advice" was neither here nor there, if you're so sad you cant post "advice" without jumping to conclusions & offending people SK, I suggest you find other ways of entertaining yourself - you're a disgrace to AB

[G_NEWC]

I really sympathise with you, you must feel very distressed with your situation.
If you work for a organisation it may have an emergency fund, such as a 'Benevolent fund'. Your company may also have a staff coucelling /advisory service,(staff welfare service) which maybe able to help you with financial advise - or point you in the right direction. Ask your manager or HR department for they details. If you are a member of a union they might also beable to help.
I reolise that none of this may be available where you work - but if they are, then use them. Any help and advice is vital. Definatly go to your nearest CAB office. I hope things improve soon for you.

[themas]

CAB should be able to help with suggestions about possible charitable assistance for the b/r fee. There are some companies (e.g. BT) which have benevolent funds that are available to ex-employees as well as current ones; some utility companies (e.g. British Gas, EDF) have Trust Funds which can sometimes help.

You say you do not get benefits, but you should make sure you are claiming whatever you are entitled to. You should certainly have Child Benefit, and quite possibly Tax Credits (where the entitlement to a small amount extends right up to incomes of �50K+). Ask at CAB about this if you do not now get this.

[sir.knobby]

Has every smell of a wind up to me even the name skint77 that incidentally is not a green name so what does that tell you

Now how many times have you done this on here before.

We are all laughing at you fool. Now please stop wasting our time fool