I have £18,000 of debt and have just had a baby a few years earlier than planned and my wages have dropped so much i cant afford my loan payments at all after my bills, my boyfriend cant cover my bills as he covers most of the bills and has no spare money to cover my debts
In order to help, we will need a little bit more information: Do you intend to return to work? and if so, after childcare costs etc will you be able to meet your contractual repayments on your debts? Do you own a property with your partner (or on your own)?
If you could answer these questions we will be able to help you further, and see whether or not bankruptcy is the best option, or if pother options need to be considered
Look forward to hearing from you soon. Melanie
Melanie Nicholas CertDR 30 years insolvency experience - 23 of which in the Insolvency Service - Insolvency Manager Jones Giles