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Dealing with Debt / Re: Wifes Debt
« Last post by Scrooge on Dec 10, 2018, 06:56:37 PM »
Hi, you cannot be pursued for her debt as long as it is in her sole name. An IVA is normally set up to repay multiple creditors. Have you seen the paperwork for this IVA? If she has ran up this large debt on 1 card, there is very probably more debt if she has other ways of obtaining credit. I think you need to find out whether there's more debt or not. Do you live in England? The law is different there from Scotland. In England they can take Court action and send baillifs round to attach household goods. Saying the goods are yours may not be enough to stop them, you need receipts as proof they belong to you. If you do get threatened with Court action, move anything of value such as cars/TVs/jewellery/laptops/tools etc they could seize to another address.
Dealing with Debt / Re: Bankruptcy
« Last post by Scrooge on Dec 10, 2018, 06:51:51 PM »
Hi, nobody can answer your question without a lot more information: IE where you live, what the debts are, how much they are etc etc. Bankruptcy may not be the best option. It depends on multiple factors, including whether you have assets or not. The worst thing you can do is 'dither', you need to find out what your best option is asap and do it, because if you wait too long you're giving the creditors time to get on top of you. Then you may not have any options!
Over 104,000 views now, well done everyone! This must be turning the tide against this despicable system. ;D ;D ;D

Dealing with Debt / I just want to say hi
« Last post by RandyRaw on Dec 04, 2018, 08:46:34 PM »
hi I just want to say hi, I really love this forum! Have a great day
Dealing with Debt / Bankruptcy
« Last post by mikemitchell on Oct 23, 2018, 06:10:36 AM »
Hi All,[/font]
I have been under major threat from my creditors, as I fall behind my bills which got due for couple of months. How can I get rid of the debt?[/font]
Dealing with Debt / Wifes Debt
« Last post by Soko on Oct 04, 2018, 12:33:36 AM »
I have just found out that my wife has run up some credit card debt. The total she has owned up to is approx. £12k  This is not the 1st time and on previous occasions I have paid the debts off.
She has no way off paying this debt off.  She has a small income of £70/week. There are good reasons why she cannot get a better paid job. We live in rented accommodation and we both have little of any value. I have some savings but refuse to see my hard earned cash disappear. I presume the Card companies cannot force me into payment or take away anything that I have purchased.  She has made an IVA of £120/month to one company (£10k of debt) She now contributes zero to the household. What do you suggest? my worry is she has more.
Dealing with Debt / Where to?
« Last post by Blackmog on Oct 02, 2018, 09:57:11 PM »
Income and social status higher income and social status are linked to better...
Dealing with Debt / Can i?
« Last post by Blackmog on Oct 01, 2018, 05:53:26 AM »
Correctbfeedbackbbrbrfalse the attraction of this conception of health is that...
We've now hit 75,000 views..................very nice. I hope those DWP mugs are being absolutely swamped by mandatory reconsiderations. ;D
Bankruptcy / £38k debt
« Last post by Tattooedk on Jul 12, 2018, 01:09:10 AM »
Hi, I am looking for general advice on bankruptcy.

My current situation is that my wife & I separated about 6 weeks ago.  I am living at my brothers place for a while I work on a more permanent living arrangement.  I have approx £38,000 of debt between credit cards & loans etc which I am looking to declare bankrupt.   I do not own my home, my wife was the only one on the tenancy, I have no savings & am paying about £1,100 a month on my debts, £400 a month rent plus travel & living expenses & I also help my wife with a few of her bills because I was the main bread winner in the family.  I only earn about £1950 per month take home.  I don't really understand how the bankruptcy works when they decide how much I pay back? how is this calculated & on average in the UK; how long is it before you are discharged?

Because my living arrangements are temporary at the moment, none of my addresses have been changed yet.  Would I have to change my address to where I am living before filing for bankruptcy?

Thank you in anticipation of your help

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