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Original poster

Personal experiences of bankruptcy

4 replies

tjt0123 · 13/01/2021 19:38

Can anyone give me personal experience of personal bankruptcy? I know it will effect me for 6 years to my knowledge but what are chances for applying for a mortgage after the 6 years and any other experiences of how it will effect my life etc

This is getting to become a last resort and not at all taken lightly but I need to fully understand the process from as many perspectives as possible.

Thank you for any advice

OP posts:
Limegreentangerine · 13/01/2021 19:47

Can you not go into a IVA? I went into one and it’s the best thing I ever did! All the letters stop and I can finally sleep at night

Original poster
tjt0123 · 13/01/2021 19:49

@Limegreentangerine

Can you not go into a IVA? I went into one and it’s the best thing I ever did! All the letters stop and I can finally sleep at night
My understanding is I can't as there is outstanding finance? Item has been sold on (not by me!) and so cannot be given back so left with finance 😔
OP posts:
Lightsabre · 14/01/2021 20:02

Have a look at the Bankruptcy talk forum at Money Saving Expert.

TomorrowIsAnotherDae · 15/01/2021 22:21

I second the bankruptcy forum on MSE

Debt Camel is another useful site.

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