www.iva.co.uk

What do we do?..We currently owe £169000,on mortgage and also a secured loan of £35000. we also have non priority debts totaling £35000, my husband wants to and the keys back to Northern rock and then go br, i'm not quite sure what to do but I know we need to sort this out as we have one child and another on its way!(Accident, but it was obviously meant to be as I have miscarried so many times before and now this one has stayed!)..Please help Do I write to Northern Rock and how long after handing in the keys should we apply for BR?

Hey kay, welcome to the forum. Wonderful news about your baby, I just wanted to say hi, an expert will be along shortly to advise you. Viki X

Kay ... I just wanted to say welcome to the Forum. This is a special child (as are they all) so you need to look after yourself and your family now.

The most important thing is not to do anything rash ... don't go handing any keys back, they will come and get them when, and if, the time is right and this proves necessary. Try to keep a roof over the head of your family for as long as you can ... this is a basic human need.

Firstly, do you have any equity in your property, as, if you don't, then you may even be able to keep it if you need to go down the BR route.

Don't panic ... stay in touch with the Forum ... are are all here to help you.

Debbie

Debbie

Kay
Great advice from Debbie.
It is impossible to give you difinitive advice on limited info but what is for sure is that there is a solution for you.
Speak to one of the IPs that post on this site,they will give you free and unbiased advice.
Let us know how you get on,we will support you all the way
Regards

Hi Kay,just wanted to welcome you onto the site,i have not been on here for a while due to personnel stuff but trust me this site and all the wonderful people on it have got me through some very dark moments at the beginning of our journey.We hope to have a decision on Friday as to the path we are going to take and there will be a solution for you.As Debbie says the most important thing of all is you and your family.Keep posting xxxx

I would definately try and persuade your husband to have a consultation with an insolvency practitioner before deciding anything rash. This can be over the telephone, at your convenience, and some IPs will do this during the evening or at weekends if this is more convenient.

In the event that you decide that bankruptcy is the best option for you, then I would recommend a chat with a mortgage representative from Northern Rock to see if there is anything they can do to help, rather than just handing the keys back and walking out. The team in Sunderland are extremely knowledgable and helpful, and you have nothing to lose by seeking help and advice.

Hi kay

I have contacted Melanie Giles to help get me out of my mess. She might not thank me for advertising the fact that she gets back to you at all times of the day (and late into the evening) if you are in a state of mad panic. Lots of people on this site have made contact with one or a couple of the IP's on here, always worth checking out ALL your options there might be more than you think.

Good luck and congrats on the baby. XX

Thankyou to all for the advice...I have been in contact with Melanie Giles and there is now light at the end of the tunnel..We just need to make up our minds on which tunnel to take..IVA or Br...I will keep you all posted and I recommend Melanie to anyone who is in the same pickle as we are.!!!
By the way I have had an amnio, to check baby is ok and have found out it is; and I am expecting a GIRL!!!
So I am a little more happier now.[:)]

Congratulations, I'm glad all is well with the baby!

Good luck with whicheer path you decide to take x

Kay,I am so pleased to see that things have taken a really positive step forward for you ... we sit there and fret and the answers are often only a phone all away.

Congrats on the forthcoming arrival of your daughter ... I had two grandaughters born last year and they are a delight!

Debbie

That is good news kaye,

I hope with the help of melanie you make the right decision for you.

Congrats on the pregnancy,

Kirsty

hi kay, congratulations on your baby news!

good luck with getting your finances sorted!

keep posting as there are lots of lovely people on here who will support you

love barb x

Congratulations on your impending daughter.

Good luck for sorting out your debts too... which ever way you go, you cant buy that happiness you feel when you know a new life is on its way.

Fabulous news about the little one - and do remember that she is the highest of your priorities when considering the merits of both an IVA and bankruptcy. Some things are just more important.

Here ... here [:)]

Debbie