Note: You must be registered in order to post a reply. To register, click here. Registration is FREE!
T O P I C R E V I E W
toomuchdebt
Posted - 15 February 2009 : 21:11:37 Hi My partner entered in to an iva aug 2008 and basically we could just about survive financially on everything we had to pay out. Our eldest daughter is severely disabled and we need to sort out living arrangements for her as she gets older. Our house is in negative equity, we cannot borrow any money and we cannot move to a more suitable property so basically we are stuck. I have said that the only way forward is to go bankcrupt and rent a bungalow but hes not sure. As we haven't really got alot of choice long term i'm stuck now as to what to do. What does the bankcruptcy involve, how much will we have to pay out and for how long?? Will the bankrptcy affect me (we are not financially linked together as we have no debt together,no joint bank accounts etc) Will they take the money (which is disabilty benefits for our daughter and care allowance) into consideration when deciding on his bankruptcy?? I have no idea how it works but the one thing i do know is that we can no longer survive on what we have coming in and what we have going out.Its a physicla impossibilty and the situation is worse due to the needs of our eldest having to be taken into account. We have even contemplated residential care for her so that i can go out to work to earn extra money. Help is very much appreciated ;-)
4 L A T E S T R E P L I E S (Newest First)
toomuchdebt
Posted - 16 February 2009 : 09:09:52 Hiya Thats exactly what i'm going to do!!! I go to the pre-registration class early march and i have decided that as well as childminding i'm going to offer a dropi-in service at the weekend so that if they need to do some shopping for an hour or nip here or there, they can phone up and see if there is a place or if i am free!! Got a brilliant name in mind and have already done a poster. I just wish it could all happen a little faster and then maybe, just maybe the light would be able to be seen at the end of the tunnel!!!!
RHB
Posted - 16 February 2009 : 09:02:09 Do you know, I thought childminding too, it jumped out at me when I started reading the post. Maybe you could specialise in filling the gap for children like your daughter
toomuchdebt
Posted - 16 February 2009 : 08:59:12 If she goes in to residential care then yes i would be able to work BUT i would lose the benefits that i get for her and for looking after her which totals around £700 a month.So i would have to work to earn that first! Its a viscious circle. I would miss her terribly too as although severly disabled she is quite an alert and responsive child and would be all too aware of being somewhere different. I can't get a part time job because as soon as the holidays arrive there is NO childcare facilities for children like her and no inclusive play or holiday club €opportunities so i'm stuffed. My partners workplace is very very helpful with the time they allow him to be off but in this climate you have to be of benefit to the company so he is very diligent about his work. I'm actually at university too (since 1995:longest time to get a degree in history) with the hope that this enables me to secure a more flexible well paid job and i have also thought of childminding too as it means i have no worries about the carre of my 2 girls and can earn a wage at the same time. We have actually thought of everything to the point where we split up so we have two routes to follow rather than one. Our problem is that we have always done everything honestly and while we sit and see dishonesty all around us we are in freefall with a very heavy bump ahead!!
RHB
Posted - 16 February 2009 : 08:43:43 Maybe you could look into residential care options so that you could work & maybe secure your daughters future that way. If she is at school could you get a part time job at all? Seems that BR is a drastic option & it wouldn't solve the problem of your home necessarily.
