our creditors are littlewoods , natwest , lloyds, next , cahoot and virgin, apparently they should all be ok appart from virgin , but they are less than 1 % of the total debt.

thanks for replying , our income is £1750 p/month net and we have agreed we can afford £346. my partner was bankrupt 11 years ago because of his previous marital home being repossessed before i met him. he was discharged 3 years later and was unable to pay anything towards it.

we are in the process with the IP who's writing up our proposal. we qualify on paper but now i am wondering whether bankruptcy would of been less hassle.My partner has been bankrupt before so we didn't see this as a option. We don't own our house or have any assets , the car is only worth £300 and W...