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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 Tifosi1[/i] [br]Hello, I am in a lot of debt and this past week have started the ball rolling on getting things sorted. After the great help and support from the IVA.co.uk forum and the experts on hand there, I am currently working on getting a DMP set up to try and get myself sorted However, I have just spent the evening talking with my mum - she has been great and i can talk to her about anything - and she has put forward the idea, after listening to all my worries and thinking about my long term future herself for quite some months (arent mothers great), that i might be better in going bankrupt. She thinks that it would be a great chance to kick start my life again, a new job, a new direction without the stress that i have had over the past few years. She says that i am too honest and too proud for my own good as i have spent so long worrying about other people and also my debts that i dont think about myself and what would actually be best for me I had already contemplated bankruptcy over the past few weeks, but although i dont know much about it am dismissing it due to my pride and the stigma that goes along with it - not to mention that i would probably lose my job which as you can imagine would be a very big thing. But on the other hand its not a job i can see me doing forever, and maybe a fresh start is what i need. After speaking to my mum i wonder if it could actually help me turn a really bad sitution into a completely new life while i am still young, being 25 Just so i can weigh up all my options, would someone be so kind to tell me how a bankruptcy works, how you go about doing it, what happens once you have done it etc etc. Tina at the IVA advice bureau did touch upon it earlier this week when i was talking to her but i dismissed it so she didnt go into too much detail Im not saying i want to do this as it scares me to death at the moment and i feel bad enough as it is about my whole debt situation - but i think i should at least find out about it rather than remain ignorant to all my options Thanks for your help [/quote]   Check here to include your profile signature.