www.iva.co.uk

I am currently thinking of sending my keys back to NR and starting fresh, but I know it cant be thet easy.......

I have a house worth 140000

NR Mortgage 115000 Interest Only payments
Nemo Secured 25000
NR Unsecured 33000
Black Horse 6000
Credit Card 2500

We are currently living on £120 per week for groceries,petrol etc.....

petrol is 40 pw, which leaves us approx (on a good month) 80 a week groceries, for 2 adults 1 child plus another child due October. My wife will be on SMP come the end of September.

I understand that its all our own doing, but i just want to Start again.

Can I declare myself Bankrupt, after renting somewhere to Live ??

Do the Baliffs take your personal possesions in Bankruptcy ??

What are my options before my Blood Pressure goes for a World Record!!

Any advise would be muchly appreciated

Hi biscuit sorry I can't answer your questions, but i'm sure some one who is BR or an expert will give you advise shortly.. don't make yourself ill!!

Hi
Bankruptcy seems the logical step.
Normal household items will be fine,as will be your car upto a value of 2k[ish] as long as you can show that you need it.
Have a look at our sister site
www.bankruptcyhelp.org.uk
Regards