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sooziesue
Starting Member
United Kingdom
6 Posts |
 Posted - 18 August 2011 : 10:02:42
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I would like to share my experience of bankrupcy thus far. My husband and I both went bankrupt three weeks ago following 20 years of stress and heartache. During this time we both lost our jobs I had a nervous breakdown and we lost our house, all because the inland revenue decided that my husband was an easy target due to his then employer deciding he was self employed and not employed. Needless to say the IR sided with the employer and following a four hour grilling a bill arrived for over 20K. We then accrued a lot of credit card debt and loans just to try and pay off the IR and we went into a spiral of debt. In 2004 we contacted CCCs and set up a DWP which we managed over the years to pay off 36K. In April I was made redundant and in June we arrived back off holiday to find a letter from my husbands employers to advise he would need to take a 10 % pay cut or lose his job. In July with knees knocking we filed for bankrupcy, WHY did we not do this before. Everyone including the OR has been kind and understanding with not a hint of a big stick anywhere. I may get a BRU as I had spent my redundancy on a family holiday, but we had been living on a budget since 2004 and not been able to celebrate my daughters 18th, 21st her University degree and Masters, my sons 18th and my husbands 50th so rightly or wrongly I felt we deserved it.
Do not be scared of bankrupcy you Will see the world through fresh eyes and see the sky again, I know I do. I was drinking too much prior to bankrupcy however since then I have not touched a drink and do not want too YIPEEEEEEEEEEE |
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moodybluetwo
Junior Member
156 Posts |
Posted - 18 August 2011 : 10:52:14
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I’m happy that things are looking up for you . After accruing many debts over the years and trying an IVA without success bankruptcy finally brought my debt crisis to an end....as it will for you. There will still be hard days but at least the end is in site.
It may not be to your advantage to identify yourself on any postings you make on this forum...you never know whos looking. |
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Viki.W
forum expert
United Kingdom
2211 Posts |
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glafy
forum expert
436 Posts |
Posted - 18 August 2011 : 11:08:19
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Great post sooziesue, it is always good to hear how people are dealing with BR & I'm sure that your post will be helpful to others on the forum.
Good Luck as you move onward & upward.
ps. as moodybluetwo has posted, I would edit your name from the end of your post
"Good things come to those who wait".....I'm a patient person but this is taking the Mickey!! |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 18 August 2011 : 12:06:15
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Thanks for your post sooziesue, it's always good to hear positive stories.
BTW I have removed your name from your post x
View my blog at http://skippy13.blogs.iva.co.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 and I'm now looking forward to getting married in September 2012 - I'm proof that you can go BR and come out the other side. |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 18 August 2011 : 12:30:24
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Glad everything is working out for you - you can relax and hopefully enjoy a stress free life now.
Follow through
Make your dreams come true
Don't give up the fight
You will be alright
'Cause there's no one like you in the universe
Jan
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Relief
