All Forums  archive  bankruptcy postbag for july  New to Forum and Bankruptcy

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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by donememoney[/i] [br]Hi to all I am new to the forum etc and after several years of worry, angst arguments with the wife and sleepless nights, I declared myself bankrupt last March owing well over £100,000 in personal credit card debt etc. I would like to advise anyone worried about doing it to know that it was the best financial decision I have made in my life! I now sleep at night Thankfully I have a good job and have set up an IPA for under £300 per month ( my old outgoings to creditors were over £1900) I have been allowed to keep my car and although my equity in the house is now the OR's My house will soon be in negative equity at this rate and the OR has told us my wife can buy it for £1. I have a basic Nationwide Bank Account and they have been great! The OR has told me his investigations are almost complete and I could be discharged by December I am not proud of the mess I, and no-one else, made of my finances but I urge anyone reading this in a similar position, to take the decision. In my opinion IVA's bleed you dry for 6 years + My advice to all is be 100% honest with the OR and they will be fair with you. Everyone should be very very certain that Personal Bankruptcy is going to mushroom in the coming (supposed) recession There is no stigma any longer and it is wonderful how the debt collecting "rotweillers" soon change there appoach when they are quoted a Court reference Try It! they become kittens and are full of apologies. [/quote]   Check here to include your profile signature.