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leeroy
Starting Member
4 Posts |
 Posted - 26 August 2009 : 09:07:34
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I currently have an appointment booked for this Thursday to go bankrupt, but I'm in two minds if to do it or not.
I'm 28 and have debts about £30k. Over the years I have been trying to keep up with the repayments, but I'm now struggling. As all my extra money has gone on my debts its ended up with my wife taking out a loan and credit card to help with the financial situation.
My wife is very supporting and wants me to do it, along with my in-laws. However, I do think this is mainly as my brother-in-law went bankrupt a couple of years back. On the other hand my parents believe it isn't the right decision, should reduce my repayments and review the situation every 6 months.
We have completed a budget plan for our situation after the bankruptcy, which is showing we will have around £500 disposable which will be used to clear my wife's debt and also save. However, I'm thinking reducing my payments to £100. This leaving us £400 to clear all the little bits and save, then review my payments every 6 months.
Need some outsiders advice - Do I do as my wife wishes and get rid of the debt which I've had for the last 8 years, this giving us a fresh start. However, thats if I'm not made to pay any further money. Or do I reduce my payments knowing its going be a long process.
Also I'm currently working for a high street bank as an advisor, they have said either way my job is safe but I'm worried if I go through with it will it later come back and kick me in the ass??
PLEASE HELP |
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gettingoutofdebt
forum expert
2418 Posts |
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I currently have an appointment booked
