Hi, I am wondering if anyone would be able to help. I find myself in a situation where BR is looking like the only viable solution to our debt problems. At the moment we are able to meet our outgoings - this however is likely to change in the near future as I am in the financial services industry and due to the adverse market conditions I am finding very difficult to meet my targets which will eventually lead to my dismissal. Being fired will then make it very difficult to gain employment going forward thus starting a vicious downward cycle. My question is would it be possible to go BR if I resign from my current job (before I get fired) and therefore have insufficient income to meet my outgoings or would the OR look down on this as it is an avoidable situation?? We are looking at moving to another country to start a new life and getting employment will be much easier if I can resign here rather than get fired. Also, hypothetically, if I was to purchase a one way flight on my credit card then file for UK BR from another country – would the OR see this spending as fraud? I feel so bad about this whole situation, we havn't led an extravigant lifestyle - most of the debt is for home improvements- our house is now valued at 35k less than what we paid for it 12 months ago :-( I wish we had never tried to get on the property ladder now. Thanks in advance for your help.
you may want to call either the helpline or one of the experts on the site to chat through all your options. It sounds like you really need to get a plan together
Paul Johns Assisted Bankruptcy Specialists Reviva UK
For a Free Impartial Review before taking the leap call me @ Reviva UK www.revivauk.com
Quitting my job
Posted - 28 November 2008 : 15:51:47
