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Hi, need help with Bankruptcy/DRO Advice?Hi,
Not sure if anyone can help!
Recently having financial difficulties that seem to be getting out of hand ie we have more money going out than coming in.
I don't work and have 2x young children,married and husband works (only brings home £1200 per month)
I have been looking at my credit report account and its now showing just over 10,000 worth of defaulted accounts and about 5,000 in current accounts ie catalouges that im up to date with as struggle to pay them and a 3000 overdraft that im in that we pay slightly when my husband gets paid then back to being maxed out just to pay the rent /bills (we rent privately)
I have stumbled on debt websites and seen options such as bankruptcy and Debt relief orders, is this something i could do, i am so scared of getting the ball rolling so to speak and possibly becoming bankrupt,even though i have nothing to lose i am scared of how it will effect me such as my husbands job,will they tell us to move into a flat or something.
Any help would be appreciated
Not sure if anyone can help!
Recently having financial difficulties that seem to be getting out of hand ie we have more money going out than coming in.
I don't work and have 2x young children,married and husband works (only brings home £1200 per month)
I have been looking at my credit report account and its now showing just over 10,000 worth of defaulted accounts and about 5,000 in current accounts ie catalouges that im up to date with as struggle to pay them and a 3000 overdraft that im in that we pay slightly when my husband gets paid then back to being maxed out just to pay the rent /bills (we rent privately)
I have stumbled on debt websites and seen options such as bankruptcy and Debt relief orders, is this something i could do, i am so scared of getting the ball rolling so to speak and possibly becoming bankrupt,even though i have nothing to lose i am scared of how it will effect me such as my husbands job,will they tell us to move into a flat or something.
Any help would be appreciated
