Hi all. The Bankruptcy annulment concept does work, however, in my experience it is usually directed at individuals who have been made bankrupt by creditor petition. Often when this happens, and Melanie is quite right, it is when people have buried they're heads in the sand to the point whereby I ha...

Hi. Mish is right. First thing, get a new bank accounts. Here is a link to the bank accounts suggested. When you go into the Bank be exact in your requirements, state the account you want by name, otherwise the banks will try and 'sell' you a normal current account which will most probably be declin...

Incidentally, as you received your pension, if it was apparent you had a higher disposble income, you would be expected to be repay a higher amount into your DMP. This would be good for you in as much as your debt would be repaid much more quickly. If done properly, and this is the key, a DMP can wo...

Hi, a DMP would be fine for you, however, you MUST consider the length of time it would take, in your case and based solely on the figures you have given and the Income and Expenditure you mention it would take roughly 8 and a half years. Melanie is right in as much as you have to be realistic in yo...

Hello, this is a note to all really. Your IVA should really go through in 8-10 weeks and should you find it is taking longer, it is usually down to the fact you may well have been referred to an IP via a Debt Management Company. Often, people with debt problems do not immediately enter into an IVA, ...

Hello there. It is best to talk through you whole situation with a Qualified Debt Adviser. Bankruptcy can often be an option, but consider all first. Remember, this is about what is absolutely the best solution for you, in your situation. You could give yourself some breathing space and write to you...