| Author |
 Topic  |
|
|
sunshine
Starting Member
41 Posts |
 Posted - 15 August 2010 : 07:42:02
|
Hi everyone,
I just wanted to give you a quick update on our situation.
My hubby and I filed for BR on the 30th April this year. It was a terribly stressful and upsetting time, as I'm sure you are all aware.
Three months on, I can sincerely say it was the best thing we have ever done. No more sleepless nights, worrying the doorbell is going to have creditor at the other end of it or arguing over money.
We managed to get low valuations of our property, so can buy the BI for £213.00, our life policies we have bought back for £50 each, and no one (apart from family who we told) is any the wiser.
We have more 'spare' cash than before (never any left from paying creditors)...and we are in control of things for the first time in a very long time.
We have an IPA of £458.00, but it's a small price to pay for peace of mind.
The advice on here and from our Ip was invaluable, it helped us plan our BR and I can safely say we will never get in that situation (80k debt) again.
To anyone who is reading this, please get good advice and don't be scared.
Take care,
Sunshine x
|
|
|
Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 15 August 2010 : 17:15:55
|
Excellent post sunshine.
Buckle your seat belt Dorothy, 'cos Kansas is going bye bye.
Jan
xx |
 |
|
|
Richard P
Senior Member
United Kingdom
1701 Posts |
Posted - 15 August 2010 : 19:01:55
|
Hi Sunshine
Thank you for sharing
yes there is life after BR
Richard |
|
|
|
Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 15 August 2010 : 20:48:48
|
Hi
An excellent post - life will go and and get better every day - Trust me
Richard
"There are no problems - only solutions" |
|
|
|
Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 15 August 2010 : 20:50:58
|
Richard
Well done 1,000 posts - a 4 star general now buddy!!
Hope that you and yours are good, Richard
"There are no problems - only solutions" |
|
|
|
Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 15 August 2010 : 21:05:58
|
Thank you for sharing that Sunshine, and I totally agree with you.
I have to say that BR wouldn't have been my first choice, but it was the right thing for me as well.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.
Last IPA payment made on 28th June 2010 - it's over at last! |
|
|
|
sunshine
Starting Member
41 Posts |
Posted - 16 August 2010 : 08:01:12
|
Thanks guys,
I just looked back at some of my first posts and remembered just how worried I was back then, the whole stigma etc....
It's amazing how in such a short period of time things can turn around.
Thank you all for your support and your guidance, it really has been invaluable...
Take care xxx |
|
|
|
Viki.W
forum expert
United Kingdom
2211 Posts |
|
| |
Topic |
|
Don't be scared!
