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Anthony Smith
Starting Member
United Kingdom
3 Posts |
 Posted - 04 May 2012 : 12:31:40
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Hello, my name is Anthony. i'm 37 from South Wales and in a desperate situation. Back in Febuary i suffered a stroke and have been diagnosed with a brain diesease called 'CADASIL' which among many things causes Strokes, so at the moment I am trying to recover from, all the typical symptoms of a stroke.So I am unable to work, no money,just split from my partner who lived with me, but all debt and mortgage in my name. I think i have about £40k debt in unsecured loans credit cards etc. I ahve little or no equity in my home.I am no running out of all money to pay my monthly bills. I am in a desperate situation now and worrying if I go bankrupt I will lose my home, I cant now work and hve no money if i lost my home. Having suffered a bad stroke, stress is a factor I should avoid.But how can I? Being ill like this. How can i survive a bankrupcty. I dont have money for an IVA or similar.Please can anyone help or advise?
P.S I did not type this as I can't use my hands properly :( |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 04 May 2012 : 13:00:26
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Hi Anthony and welcome to the forum.
I'm so sorry to hear about your health problems.
I would suggest you speak to one of the experts who post on here - their advice is free and they will be able to advise you based on your circumstances.
I've been BR myself and while it is stressful it's less stressful than being in debt. I know that's no comfort to you at the moment but it is possible to come out the other side and move on 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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Anthony Smith
Starting Member
United Kingdom
3 Posts |
Posted - 06 May 2012 : 18:25:57
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| Hi guys, thought this may be a difficult one. Is there anyone who has any suggestions? Sorry to ask again. |
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Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 06 May 2012 : 18:41:27
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Hi Anthony,
I replied to your email you sent me, did you get it?
I've copied and pasted my reply below:
If you were to declare bankruptcy, if your home is in negative equity, then it will be valued again in 2 years and 3 months time. If there is still no equity, then the interest the OR have in your property will return to you, if there is any equity, then they will want it.
If you declare bankruptcy, then all of your unsecured debt will be written off, but you would still need to pay your mortgage if you want to keep your home.
Can you do this?
Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp |
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pcoventry
Junior Member
United Kingdom
235 Posts |
Posted - 06 May 2012 : 18:45:26
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HI Anthony,
I'm in the same boat as you reference to Feburary and Work. Mine was towards the end of Feb. I am 35. I live near Cardiff
Not had anything conclusive yet.. got a stay in Hospital soon to see what they can see.
I went BR for the same reason as you want to. Now I know that It's unlikely I will have to pay anything back because I am on Benefits. I had to go BR because I had already lost my home so I can't comment on that one
But if you need a chat mate I am here - and I sort of know what your going through. |
Edited by - pcoventry on 06 May 2012 18:45:43 |
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Melanie.n
forum expert
United Kingdom
1282 Posts |
Posted - 08 May 2012 : 10:38:48
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Hi Anthony - I am based in South Wales (Swansea) and would be only too happy to help you/advise you in any way that I can, my contact details are on the 'experts' tab
Melanie
Melanie Nicholas CertDR
30+years insolvency experience - 23 of which in the Insolvency Service and the past 8 years with a number of IP firms.
If I can be of any help to you in any way or answer any queries, concerns or worries you may have, or with completing the forms for bankruptcy, please do not hesitate to get in touch -I can be contacted via the experts tab
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Anthony Smith
Starting Member
United Kingdom
3 Posts |
Posted - 12 May 2012 : 11:43:58
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| Thank you all so much for getting in touch, i am so grateful. I was wondering if maybe i should take out an IVA instead, any thoughts? Also to Pcoventry, how do i get in touch? |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 12 May 2012 : 12:08:10
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You could look to taking out an IVA - pop over to the sister forum www.iva.co.uk and also visit www.iva.com for a list of companies and reviews and give one or two a ring for some free advice.
The only way you will be able to get in touch with pcoventry is by the Adminstrator passing on email details. They can't be posted on here.
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
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Ilness and bankruptcy
