My house is worth around 90,000.Having to release equity later on would surely increase my mortgage by an incredible amount in the final year, so surely I would be back to facing bankruptcy?

thanks, I contacted some company off the net last night via'Trapped' website but they were telling me with the level of debt that I have I would be expected to pay £400 a month, I cannot afford this and this is why I was considering looking at bankruptcy, feel this is just to much to deal with

AROUND 90,000

thanks for your responses, I am single with 2 children, 15 & 1, all debts are in my name, the debt includes approx £25,000 on credit cards and approx £25,000 in personal loans, and an overdraft of £2500. I have nothing secured on my home. Using a budget sheet from national debtline, without paying a...

I HAVE 53,000 WORTH OF DEBTS, I HAVE A MORTGAGE OF APPROX 59,000, CAN I GET AN IVA OR SHOULD I JUST APPLY FOR BANKRUPTCY?