All Forums  archive  Forum Questions  I am at my wits end

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

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 serendipity75[/i] [br]I have outstanding unsecured debts of approx £42K from years ago. Have been on a DMP with CCCS paying each creditor £5/month until now. Been advised to stop payments to them and pay more towards my mortgage arrears since attending a repossession hearing on my house in court in Aug. House was due to be repossessed on 7/10/08 but the mortgage co. has just given me 2 months extra time to sell my house (I have been trying to sell it for 1 year since I knew I was going to have trouble making my mortgage payments due to a change in my circumstances i.e.baby born April 2008). I have just received my best offer yet (Other than the offer that fell through in Feb '08 which would have cleared all my debts) but that is still £10K below my break-even amount (Will be approx £12K by the time the sale completes). I am seriously considering Bankruptcy after my house has sold or is repossessed as I have no other assets and am fed up being hounded by creditors. Am I better off to sell my house at this price and accept a £12K negative equity or let it go to repossession for an even greater negative equity. Would it help my bankruptcy case if I sold the house myself rather than let it be repossessed and sold at auction for a much lower amount? I am at my wits end as to what to do and my health is suffering. I am worried sick and despite gaining as much advice as I can, cannot help but worry. I am 33, a single mum and have a beautiful 6 month old baby boy, who is the only thing that is stopping me from ending it all by suicide. Am going to call the mortgage co. and see what they suggest but I am worried they will insist I continue trying to sell it for a higher price. I really cannot face keeping my house immaculate every day for viewers who put in stupidly low offers that I cannot accept, especially now that 1/2 my house is in cardboard boxes as I thought I had to be out by the 7th Oct. Any advice you could give me would be much appreciated. [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.