All Forums  archive  bankruptcy postbag for may  hard going through trying to stay sane

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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 kimmy[/i] [br]I and my husband are planning to go bankrupt. We have been with payplan for 6 months but together we owe £55k (15k mine and 40k his - al seperate)and with my husband in temporary work an IVA isn't possible and together we don't earn enough for IVA. we have a car but we need to spend some money on it. Its an R reg and has not had any attention for 3 years due to money probs. What is the max we can put for car maintenance on the State of Affairs. At £50 per month, its £600 for year, which would allow a service but no repairs. Would OR allow more. Also we have just bought our house 6 months ago and have a mortgage of £95k. We bought from Housing Assoc and would owe them 8% of sale price from sept 08-09, then 6% from 09-2010, and 4% from sept 2010-11. Valuation is at £99,995. Do you think we will loose our house. Also redemption fee of £6500 to mortgage company if we finish mortgage before Sept 09. Can OR tell us they will take the house 3 years after bankruptsy or do they have to do it in the first year. I am 99% sure this is what we need to do but is very hard going through trying to stay sane and see a life after. [/quote]   Check here to include your profile signature.