All Forums  archive  bankruptcy postbag for may  would greatly appreciate any advice you could give

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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 cowan.s[/i] [br]Hi, i have been threatened with being taken to court and made bankrupt. This is from one of five creditors that I have. I am paying the others a monthly sum agreed between us and have been doing so for 6 years. Should I stop payments and file for bankruptcy myself?, or when this one creditor makes me bankrupt will it apply to the others as well. I rent my accomodation, have a car worth £150 - 200 and no valuable assets. I also find that my outgoings outweigh my income. I married 8 weeks ago, my wife has not worked since moving in with me last July due to a stressful divorce and 3 weeks was diagnosed with cancer and will not be able to work in the forseeable future. I would greatly appreciate any advice you could give me. Thank you. Cowan [/quote]   Check here to include your profile signature.