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Posted: Wed Apr 23, 2008 2:44 pm
by seco8
I have a total debt of about £24,000. i have not paid anything to anyone for 3 years. the debts have been passed on to other firms for retrieval. i work in a solicitors and live with my parents. i wonder what to do. i need to move out but dont want to waste my money renting. i would love a house but dont think i could get a mortgage. i want to start fresh but how long am i going to have to wait until i can have a life. is bankrupcy the answer. will it affect my career.
Posted: Wed Apr 23, 2008 2:47 pm
by debtfreesusie67
Hello and welcome to the forum seco8. I can't answer your questions but I'm sure an expert will be along shortly to help.
Sue
Posted: Wed Apr 23, 2008 5:04 pm
by emma_t
Hi seco8
I would wait for an expert to answer your question and am sure someone will be along soon.
Have your creditors not been phoning/calling round after not getting payment for 3 years?
Best wishes
Emma x
Posted: Wed Apr 23, 2008 5:16 pm
by chris.g
Hiya and welcome,
As far as your employment is concerned you will need to read very carefully your employment contract. Check for any small print on either IVA's or Bankruptcy.
I'm surprised your phone hasn't disintergrated with your creditors ringing for 3yrs! Have you any CCJ's at all?
xx
Posted: Wed Apr 23, 2008 5:27 pm
by ianmillington
As Chris says check your employment contract first of all. I note you work for a law firm, which you describe as a career, rather than a job. What is your role?
You haven't paid anything to your creditors at all, presumably because you can't afford to?
Ian
Posted: Wed Apr 23, 2008 10:11 pm
by MelanieGiles
They key think is do something! Those debts will no go away and have a nasty habit of reappearing when you least expect them to.