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| James.38 |
Posted - 23 September 2013 : 09:23:16
Seperation g from my wife, we gave a joint mortgage and secure loan on the property, I also have some credit card debt have I ground to declare bankrupt |
| 4 L A T E S T R E P L I E S (Newest First) |
| RHB |
Posted - 26 October 2013 : 08:07:02
Do you have children? If you are in a position to talk it through with your wife do so, pcoventry is very "I'm alright Jack" but if you have debts from your marriage they do need sorting or you risk leaving any kids you may have homeless with a possibly stressed Mum. It was my ex being an a**e & threatening bankruptcy that led me to this site in the first place! Kust another viewpoint to consider! |
| pcoventry2 |
Posted - 25 September 2013 : 17:58:38
quote:
Originally posted by James.38
Seperation g from my wife, we gave a joint mortgage and secure loan on the property, I also have some credit card debt have I ground to declare bankrupt
Hi James,
I'm not an expert but I was in the exact situation as you. Seperation and eventually divorce. Joint Mortgage with about 65K owning. Loan secured on the house. Credit cards and her loan.
Seperation etc is tough enough without all that too. I went BR a year after I was divorced. But had it been at the same time as the seperation I would have just gone BR and then forgotten about it best I could.
I can only assume the creditors are/were chasing her now. It's not my problem. But if I had to turn back the clock and be where you are. I would say as it's likely to be more than the 15K floor limit BR might be the best option. Certainly if, like me, you just wanted shot of the financial destruction of your marriage then you will go BR.
I felt relieved when I walked out of court with my cert. As the time went on the fog lifted and i started to see the positive effect it had on me. Discharge was an anti climax and to be honest the OR paid the minimal attention to me during my 12 months. Now I'm debt free - credit on the up and if I don't have the cash for it I can't have it - simple.
You may or may not get some backlash from your wife but ignore it. DO what is right for you. I have no idea if going BR affects a joint financial partner (and in my case I little cared) But at the end of the day it's you against the world, and you may well need a fresh start.
If you need someone to chat to on the emotional side - I'm here and i know what your going through. Also google wikivorce, that's a fantastic source of support and comfort.
All the best fella - and chin up! :)
<edited some words> |
| Niobe |
Posted - 23 September 2013 : 11:20:03
Hi and welcome,
Totally agree with Viki, there are number of solutions available. Please speak to an expert - the advice is free,
The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant
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| Viki.W |
Posted - 23 September 2013 : 10:35:09
Hi James,
It really depends on your situation. There are a few different debt solutions, bankruptcy being one of them.
I advise you speak to a debt advisor and have the pros and cons of each debt solution explained to you.
Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp |
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