I am currently living in a home with virtually no equity and I have a car worth about £800, so no assets to loose. I live with my 2 children aged 17 and 15 both in full time education. My husband left in January to set up home with another woman and is paying £650 per month rent on a property!! As o...

Thanks for all your help so far, all the good advice is really helping me to decide what I want to do.

I already have a DMP with Byrom and Keeley. Do you think I would be best to sell the house and then try for an IVA with the unsecured debt I have. Bankruptcy has been tempting for the pure fact it shorten the time I would have to live through this mess, but the things that worry me about bankruptcy ...

Hi this is an update on a post I made yesterday. My ex husband wrongly informed me that when our property was sold the outstanding amount left on the unsecured loan to Northern Rock (20K approx) would be split between the two of us. This is incorrect and we will still be jointly liable. (There will ...

My ex has told me that after the house has been sold Northern Rock will split the unsecured amount between the two of us setting up two seperate loans, its called a dual something, I will attempt to find out from NR.

List of creditors - already under DMP with Byrom and Keeley:
EGG 3300
Lloyds TSB 11000
MBNA 10000
Skycard 4650
Lloyds TSB overdraft (debt taken over by Buchanen Clark and Wells)800
NEXT (debt taken over by RMA Resolve)300
HFC (accepted rewrite)500

No I do have personal debt with a number of creditors - MBNA, EGG, TSB being the main ones. I think the problem with IVA was the fact that MBNA and Northern Rock are my main creditors and they both have a reputation for saying no to IVAs. Yes the age of my children is a problem in the fact I will be...

Hi I am new to the forum. The problem I have is as follows: My husband left our property in Jan 07. The house is worth 160K. We have mortgage redemption figure of 156K,the mortgage is with Northern Rock and has unsecured element of 25K I have personal debt of 25K which is currently covered by DMP. M...