All Forums  archive  Forum Questions  Leaning towards bankruptcy but worried about my home

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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 Erin.ck[/i] [br]Hi, I am currently on a DMP with approx £25,000 of unsecured debt owed to 8 different creditors. I am paying £125 per month so as you can imagine its going to take many years to repay my debt. I am a (joint) homeowner and am pregnant with my second child. My financial state is really worrying me as I won't be able to return to work full time as the cost of childcare for 2 children would take my wage. Part-time work is an option and one which I'd like to go back to after maternity leave but my wage would decrease significantly leaving no money for DMP. I'm leaning more towards bankruptcy but obviously worried about what will happen to my home - note that I believe my home is in negative equity as was purchased during peak of housing boom. Any advice greatly appreciated. Thank you. [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.