HOME  FORUM  MEDIA  EVENTS  ARTICLES  TV  BLOGS
•Home
Bankruptcy:
•Bankruptcy Information Center
•What is Bankruptcy?
•Is Bankruptcy right for me?

•How to declare Bankruptcy?
•What happens to my assets?
•Bankruptcy and credit rating

Forum:
•forum
•register
•search
•faq
•experts

Blogs:
•Bankruptcy News
•More...

Media Room:
•Press releases
•Media Coverage

Other:
•About BankruptcyHelp
•Links
•Contact us
•Debt Glossary
•Insolvency jobs


FORUM
  > Browse and post on our forum
Home   |   Profile   |   Register   |   Active Topics   |   Members   |   Search   |   FAQ

Welcome to our Forum, please register if you want to post

 All Forums
 archive
 Forum Questions
 asking this question on behalf of my boyfriend

Note: You must be registered in order to post a reply.
To register, click here. Registration is FREE!

Screensize:
UserName:
Password:
Format Mode:
Format: BoldItalicizedUnderlineStrikethrough Align LeftCenteredAlign Right Horizontal Rule Insert HyperlinkInsert EmailInsert Image Insert CodeInsert QuoteInsert List
   
Message:

* HTML is OFF
* Forum Code is ON
Smilies
Smile [:)] Big Smile [:D] Cool [8D] Blush [:I]
Tongue [:P] Evil [):] Wink [;)] Clown [:o)]
Black Eye [B)] Eight Ball [8] Frown [:(] Shy [8)]
Shocked [:0] Angry [:(!] Dead [xx(] Sleepy [|)]
Kisses [:X] Approve [^] Disapprove [V] Question [?]

 
Check here to subscribe to this topic.
   

T O P I C    R E V I E W
Miamoo Posted - 09 March 2010 : 13:35:20
Hi, I am asking this question on behalf of my boyfriend. We have been dating for a few months, he lives with his parents and has 25k of unsecured debt. His monthly wage is £1700 debt repayments total £1200.
He can only afford the debt repayments because he lives with his parents, we are moving in together soon as I have just discovered I am pregnant, I am a full time student, with 2 children from a previous relationship, I will lose my tax credits/housing benefit etc when he moves in, so he will have to cover the bills/rent etc which he cant do if he continues to repay the debt at the current rate.
He is looking into declaring himself bancrupt so we can have a fresh start, does this sound like a sensible solution?
He has no assets so is definately insolvent
2   L A T E S T    R E P L I E S    (Newest First)
Skippy Posted - 09 March 2010 : 16:10:23
Hi and welcome to the forum.

First of all congratulations on your pregnancy!

BR may not be your boyfriend's only solution. I would recommend he contacts and Insolvency Practitioner and they will be able to advise him of all his options. This advice will be free. Have a look on www.iva.com where you will be able to find the details and reviews of many companies.

View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/

Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.

32 IPA payments made, 4 to go - the end is in sight!
Richard P Posted - 09 March 2010 : 15:45:54
Hi miamoo

welcome to the forum

BR is an option but it is not the only option

with an income of £1700 it enables one of the experts to seriously look at other options, especially if his parents are helpful

I would suggest contacting Paul at reviva and seeing if you qualify for the Reviva Plan !

good luck regards Richard

bankruptcyhelp.org.uk Forum © bankruptcyhelp Go To Top Of Page
Powered By: Snitz Forums 2000 Version 3.4.06