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T O P I C R E V I E W
Deanne
Posted - 11 October 2011 : 13:03:14 hi i was looking for a little advice please. I was a director for my husband's company and I signed a credit application for a £5,000 credit account. Unfortunately, the company is now insolvent and the suppliers with whom I signed the credit account have said that I signed as a personal guarentor on the account with is now is excess of £27,000. They are trying to make me bankrupt. I have offered them £100 per month to pay off this money (as this is all I can afford) and detailed this in an income and expenditure form. However, they have refused the offer and asked for £500 per month, which I dont have. I own 50/50% mortgage on my property - which is in negative equity. I also owe approx £15,000 in credit cards. I am unsure of what to do with regards to this and if they make me bankrupt what happens to my house and the other debts I owe - do these get put on my house as a charge??
I would be grateful if someone could give me a little bit of advise.
1 L A T E S T R E P L I E S (Newest First)
Richard P
Posted - 11 October 2011 : 14:15:18 HI Deanne
what collection companies say and do is often different to what actually happens.
charges and house depends on timings.
with the Ltd company and possible further assocaited claims, i would really suggest speaking to one of the experts (tab to left)
