All Forums  archive  Forum Questions  How do I stop paying bills before going bankrupt ?

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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 panicmum[/i] [br]How to stop paying bills.... Following advice have no other option but to go br. However despite having no money to live on & family keeping me & my kids, I have struggled to pay all my bills and have no arrears. How do I stop paying my bills before br - do I cancel certain direct debits and keep others going? - I have a life insurance policy (no surrender value) but it covers mortgage in event of death and has critical illness and I wouldn't get the same deal after br. Do i continue to pay this until I go br - as I don't want it to lapse. I know there's a possibility I can buy it back for £50 after. Also - my car (value £6k - hp: £4k) do I continue to pay it - I'm hoping I can prove a case to keep it (need to use it for schools/childminders/work and I work evenings - no direct bus routes). My son said he would pay any BI needed to buy it back. Also - my home is in negative equity but i want to buy back BI as its cheaper than renting. Do I continue to pay it up until I go BR? any advice is welcome. [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.