HOME  FORUM  MEDIA  EVENTS  ARTICLES  TV  BLOGS
•Home
Bankruptcy:
•Bankruptcy Information Center
•What is Bankruptcy?
•Is Bankruptcy right for me?

•How to declare Bankruptcy?
•What happens to my assets?
•Bankruptcy and credit rating

Forum:
•forum
•register
•search
•faq
•experts

Blogs:
•Bankruptcy News
•More...

Media Room:
•Press releases
•Media Coverage

Other:
•About BankruptcyHelp
•Links
•Contact us
•Debt Glossary
•Insolvency jobs


FORUM
  > Browse and post on our forum
Home   |   Profile   |   Register   |   Active Topics   |   Members   |   Search   |   FAQ

Welcome to our Forum, please register if you want to post
Ask a debt question
See the last 250 posts
Watch video on how to use forum
Username:
Password:

Save Password
Forgot your Password?

 All Forums
 archive
 Forum Questions
 iva or bankrupt ?
 New Topic  Reply to Topic
 Printer Friendly
Author Previous Topic Topic Next Topic  

e364
Starting Member



1 Posts

Posted - 21 October 2008 :  17:42:11  Show Profile  Visit e364's Homepage  Reply with Quote
shall i go iva or bankrupt, i oew a secured loan £40k and three visas total of £6000 and vodafone £1000. iam in full time employment. iam one month in arrears on my mortgage my wife left me and with all the bills if i sell my house all my problems would be solved but due to the current climate it hasnt even had one viewing yet.

Needafriend
Junior Member

United Kingdom
344 Posts

Posted - 21 October 2008 :  18:11:22  Show Profile  Reply with Quote
Hi E364 and welcome

May i suggest that you call the helpline and get some proper one to one advice. The number is 0800 078 9367.

They will then be able to go through the options with you in more depth.

Best of luck

Take Care

Jo x

Please visit my blog for info on how I got here and other information to guide you through from my experience called:

"Needafriends Links and added info on Bankruptcy!" available to view at:

http://debtfreejo.blogs.bankruptcyhelp.org.uk/
Go to Top of Page

Reviva UK
Advanced Member

United Kingdom
2452 Posts

Posted - 21 October 2008 :  20:51:05  Show Profile  Reply with Quote
Hi e364.

Sorry to hear about your situation. It certainy sounds tough but I am sure that with a strategy you can get through the current difficulty.

It would be useful to have a little more information to be abe to help & advise you.

The unsecured side of things doesn't sound too bad but clearly the repayments of the mortgage are going to be large if there is a mortgage and secured loan.

What is the house worth ( realistically ) and how much do you owe on the mortgage & secured loan ( please list redemption penalties separately )

thanks

Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
www.revivauk.com
Go to Top of Page
  Previous Topic Topic Next Topic  

 New Topic  Reply to Topic
 Printer Friendly
Jump To:
bankruptcyhelp.org.uk Forum © bankruptcyhelp Go To Top Of Page
Powered By: Snitz Forums 2000 Version 3.4.06