Anyone experienced becoming bankrupt?

[babber]

Hi there, I'm currently seriously considering bankruptcy as a solution to my debt problems, and just wondering if theres anyone who has gone through this who may be able to share their experience. do you regret the decision or did it solve youir problems???

I'm currently receiving SMP, and as a result have been unable to pay all my creditors each month since going on maternity leave... they've all rejected my payment offer of £5 a month whic i could afford and i'm in the process of being taken to court by all of them (8 creditors in total, I have about £19000 of debt). Gettiong really stressed out at trying to deal with all the creditors, Debt managemtn companies etc. would love to just get rid of it all in one go!

I suppose i'm just wondering what the after affects may be... I have no assets so nothing really to lose except my credit rating... one day DP and I hope to get a mortgage but can't see this being any time soon.

please help me decide what to do!!!

do you know if i would be able to open a post ofice account now to get child benefit and tax credits paid into or would it be best to wait until have filed for BR? can arrange with work to have wages paid into DP's now you see... in anticiapation of losing my account(apologies for asking this here have just been on hold on National Debtline for ages and eventually told to ring back later - guess they're busy!)

No problem Babber.

Yes you can open the account now before the bankruptcy, the OR will have no interest in it as it is for benefits. You will need to ask CHB or Tax Credits to send you an invitation to open the account.

Please don't apologise, I know it is a frightening thing to go through. MSE is back up and running now and can give lots of help and support as well.

Here we go

Post Office Account