The Bankruptcy of Piggy Bankrupt: Piggy Bankrupt's Bankruptcy Blog

Piggy Bankrupt's Bankruptcy Blog

Bankruptcy happened to me in early 2006 and in an effort to share my experience I’ve since decided to write this blog. You will read what I experienced throughout the bankruptcy process and how credit cards, student loans and a business landed me with almost half a million pounds of debt.

(If you would like to ask me a question directly then please Contact me.)

I hope to project that while bankruptcy serves its purpose it can have some very serious consequences and that life itself can make the experience that much more unpleasant. As time goes on I hope to show that bankruptcy, or indeed any serious debt solution, does not need to inhibit your life ambitions and that it is possible to get back on your own two feet – hopefully stonger and wiser than before.

For me, the last nine months of my life have been difficult. Living in a city I love so much and limited by the financial consequence of bankruptcy I have endured much unpleasantness. About five months into the bankruptcy Miss Piggy and I parted ways. Subsequently my Gran passed away and Miss Piggy moved out leaving me to cover the rent and replace some of the household materials she had contributed. No one told me it would be like this!

Finding the information you want about bankruptcy isn’t always easy. Yes there are plenty of sites offering services and solutions to your debt problems but no real perspective from someone who has recently experienced bankruptcy themselves. After all it should be obvious now, bankruptcy never comes at a good time and it’s not just our posessions we stand to lose. Sometimes our dignity and loved ones disappear too.

When considering bankruptcy I didn't know where to start. All I knew is that my debts would be wiped and my credit history destroyed. I had a million questions whirling around in my head and needed to know:

What can I expect when going through bankruptcy?

What would be the affect on my partner?

Can I avoid bankruptcy?

What will happen to my assets?

When should I declare myself bankrupt?

What will happen at the bankruptcy court?

What will happen after bankruptcy?

What are the consequences of bankruptcy in relation to me?

Where can I get bankruptcy advice and help about bankruptcy alternatives?

I hope that by describing my experience I can answer some of these questions for people who are considering bankruptcy or are actually experiencing the effects right now.

One important factor to stress:

If bankruptcy is being considered as a course of action it's essential to take advice. It’s thanks to good advice from a number organisations that I avoided some of the sleepless nights people manage to go through for months and months.

More about Piggy Bankrupt

You may also like to view my bankruptcy website.

If you have any questions regarding my experience then please feel free to E-Mail me.

posted by Piggy Bankrupt at 10:07 PM

36 Comments:

Hi. I've just declared myself bankrupt after much provarocation and I feel like it was the best choice for me. I just had my interview with the official reciever or one of his clerks today.
I DO feel as if a weight has been lifted from my shoulders, and having read your blog, I'm feeling more relaxed about the situation.
I also felt the need to wipe the slate clean, as most debt incurred was as a result of splitting up with a long term partner and being left without the support of duel incomes.
Anyway, thanks for the blog. I was thinking of starting one myself as I think a range of experiences available online would be a useful resourse for people.

By Anonymous, at 8:21 PM

I didn't want to make myself bankrupt but had to do it in the end as I didn't have money coming in and the next thing would be a bus load of Bailiffs at the door. I was suprised how easy it was! The only thing I lost was my home, of which I didn't actually own much of anyway (mortgage), everything else I kept. Now, after 5 1/2 months I have been granted an early discharge - so all done and finished with, I don't owe a penny to anyone and the world is saying welcome. Having said all that - it might not be for you, please take advice first.

By Anonymous, at 10:50 PM

hi good blog and I hope people find it. My husband and I faced bankruptcy afew years ago and the whole experience was terrifying as he is 65 and i was 51 not feeling that we could start again. it was the most scared I've ever been and the feeling of hopelessness was extreme, but we struggled through , changed our life style, moved on and there is of course life after what seemed death.well done you and all the best of luck

By Anonymous, at 2:26 PM

Hi, i would just like to say what an excellent blog, i have just managed to escape bankruptcy myself. with the help of this blog and consumercorner who have helped me tremendously.

Its nice to know there is FREE help still out there as there are so many companies and websites that just want your money even when your problem is that you don't have any.

By Anonymous, at 12:09 PM

I have attempted suicide 3 times due to my debts and now I think that no-one will listen to me. I married a man who was singluarly useless - never helped me financially - I am in process of divorce and even though I managed to get him out of the home the depression hit so deeply that I was paralysed mentally that I couldn't complete all the jobs on the house I have to do and I have been avoiding work - I haven't paid my tax for 2 years and if they send me to prison I will definitely kill myself - my life is not worth living. I need to get teh house ready to sell but I can't get it done fast enough. It is too much to explain but I feel that once I have settled all my debts via bankruptcy or otherwise I will have to kill myself as at 40 no-one will want me as I don't have any money.

By Anonymous, at 3:08 AM

I hope anonymous who posted at 3:08am has found help..... Please get in touch with someone.

By Mike St Helens, at 2:03 AM

money isn't worth dying for. come and join the gang in the debt free wannabe section of the 'moneysavingexpert' chat forums (look on google). you'll receive advice, tips, and there's always someone there to talk to.
have a mooch round, and say hello. they're ever such a friendly bunch and will try to help you out - in fact they already have. mike, the post under yours on here, has already mentioned you - so there's your intoduction sorted!

By Anonymous, at 2:41 AM

Anon - another moneysavingexpert person here.

Please come over and see us. We can and we will help you.

By Anonymous, at 1:28 PM

Hi, anonymous who posted about committing suicide...I'd second another poster on here please look over at a site called moneysavingexpert.com. on the debtfreewannebe board. There are so many friendly people on there you would not believe it. They offer really good sound advice, freindly chatter and a support. So many people have or are in the exact same position as yourself and are working through it on this board. Why not take a peep ..its not going to hurt is it. I do hope you will.

By Anonymous, at 2:38 PM

To anonymous who posted at 3.08am. There are people waiting to listen and offer advice and vitual hugs on the debt free wannabee section of
www.moneysavingexpert.com. Please come and visit us.

By Anonymous, at 6:50 PM

To anonymous who posted at 3:08-I'm also from the moneysavingexpert board and can only say please please come and post there on the debt free wannabe board.I had £33K worth of debts and am 35 and have 4 children and thanks to the board I now have £30K of debt and am working on the rest-oh and I also met someone recently who wants to be with me even though I have no money and won't have any for a long time.Please please come and post-you'll find a lot of help and support there I promise.

By Anonymous, at 7:19 PM

This post has been removed by a blog administrator.

By Piggy Bankrupt, at 11:29 PM

If you left the comment at 03:08am and you read this, I hope you can see by all the messages that you are not alone and that there is support for you. You have really touched me with your comment and I’d like to share with you my thoughts.

Having experienced debt problems myself, I know how difficult it can be.

After seeking advice though, the burden of my financial problems began to lift. Yes, it takes time but after seeking advice a big weight was lifted from my shoulders. Advice really is the key. You can find a list of organisations that will help you at the bankruptcy advice section of my website. For me, much anxiety and uncertainty was quashed be taking advice. By far, the best thing I did.

Please feel free to e-mail me if you need help or simply want someone to speak to.

I have also added a new page to my website. It is titled "Debt - Emotional Support". Please take a minute to read it.

By Piggy Bankrupt, at 8:14 PM

to the 40 year old female that posted at 308. i am a 41 year old female that has been half heartedly trying to sort out her debt in the past year or so. i had a really bad day yesterday and cried pretty much all day. my uncle was declared bankrupt sometime ago now but you know what he has managed to come back from that and lives a normal everyday life now and he did have children when it happened. Every person in this world is special and thier are people out here who care about you. please dont continue to feel all alone reach out and let others help you in a practical way. little tiny steps leads us all the way to where we want to be in the end.

By alex2005, at 10:35 PM

Seeing the official receiver shortly - great blog really appreciated.

By Anonymous, at 3:14 PM

go to court 12/3/07, but have just been told that i need to find £950 because we are a married couple! our problems started because my husband witnessed a fatel, he helped to save a baby which survived and he got a bravery medal which i would gladly swop for our lives back! he now has severe depression and PTS. we have battled for 10yrs and now it is all just too much i cant cope with working nights, the children a depressed husband and DEBT. So now i just wait to see what will happen where we will live and what they will take its the not knowing thats worse, if i dont find the fees we have to wait for someone to make us bankrupt, i just need to sort out and move on, if i get through this i hope that i can support others just like you, thanks

By Anonymous, at 6:46 PM

Hi. I too feel that bankruptcy is now my only option been struggling for the last 17 months when I had a huge loss of income at 55 yrs old i never thought this could happen to me. I can only take comfort in the experiences of others as mentioned ,there is light at the end of the tunnel. Good luck to anyone else in a similar siuation hang on in there.

By Anonymous, at 7:52 PM

Hi,

I'm not bankrupt but I do have high debts which are just about covered by assets. It wouldn't take a lot for that balance to be severely tipped the wrong way - hence looking at this excellent site.

I'm a man of 41 and I have tried my hardest at numerous endeavours. I have scrapped a living since 1993 and suddenly am on the brink of potentially limitless financial wealth.

Whether I am or not remains to be seen but let me assure the lady who posted at 3.08am that real wealth has absolutely NOTHING to do with money.

I'm happily married and will be regardless of what happens because both my wife and myself have seperately had severe financial problems in the past and have had to be helped.

It was right at the top of my list that the women who I chose to spend my life with would love me in sickness and in health, for richer for poorer. The flip side to this is that I love her regardless too.

I'd MUCH rather be with a women who has had financial problems that she tried her hardest to deal with (regardless of the outcome) than the endless stream of empty women today who are either grab, grab, grab or run up debt without giving a second thought to the people they harm by their actions in the belief that life owes them.

Get out and experience nature. Feel the rain, the wind, the cold, the sun. Listen to the stream, the birds, the rustling. Lie in the middle of a meadow and look up at the sky at midnight.

You're the centre of that universe and it's all yours. Turn your fear outwards and help someone or something that needs you. Even if all you do is rescue a beatle from some floodwater, you've just made all the difference.

The world isn't going to swallow you up and it needs and loves you.

There is something very beautiful about suffering. All choices, success and failure are half chance so don't beat yourself up.

Regardless of whether I was penniless or a millionaire I'd go for the women helping a beatle, smiling at a beautiful sunset or picking up a piece of litter ANYDAY over a tanned sex kitten imperiously self obsessed in her 4x4.

I know exactly how you feel. You're completely swamped and have no idea what to do first so you do nothing.

Take the break I suggest above (which is completely free) and then decide you're going to take responsibility. Completely ignore the medias obsession with material things and money. I personally know stack loads of men in exactly the same position as you who'd love to start building a life together at 40.

You may also like to take a look at the following web site if you've given up on men: http://www.elisesutton.homestead.com/Main.html

Finally here are two poems. Good luck, we're rooting for you!

Carry On!! (written for the soldiers in the 1st world war)
by Robert W. Service

It's easy to fight when everything's right,
And you're mad with the thrill and the glory;
It's easy to cheer when victory's near,
And wallow in fields that are gory.
It's a different song when everything's wrong.
When you're feeling infernally mortal;
When it's ten against one, and hope there is none,
Buck up, little soldier, and chortle:
Carry on! Carry on!
There isn't much punch in your blow.
You're glaring and staring and hitting out blind;
You're muddy and bloody, but never mind.
Carry on! Carry on!
You haven't the ghost of a show.
It's looking like death, but while you've a breath,
Carry on, my son! Carry on!
And so in the strife of the battle of life
It's easy to fight when you're winning;
It's easy to slave, and starve and be brave,
When the dawn of success is beginning.
But the man who can meet despair and defeat
With a cheer, there's a man of God's choosing;
The man who can fight to Heaven's own height
Is the man who can fight when he's losing.
Carry on! Carry on!
Things never were looming so black.
But show that you haven't a cowardly streak,
And though you're unlucky you never are weak.
Carry on! Carry on!
Brace up for another attack.
It's looking like hell, but - you never can tell;
Carry on, old man! Carry on!
There are some who drift out in the deserts of doubt,
And some who in brutishness wallow;
There are others, I know, who in piety go
Because of a Heaven to follow.
But to labor with zest, and to give of your best,
For the sweetness and joy of the giving;
To help folks along with a hand and a song;
Why, there's the real sunshine of living.
Carry on! Carry on!
Fight the good fight and true;
Believe in you mission, greet life with a cheer;
There's big work to do, and that's why you are here.
Carry on! Carry on!
Let the world be the better for you;
And at last when you die, let this be your cry:
Carry on, my soul! Carry on!

Don't Quit
by C.W. Longenecker
When things go wrong as they sometimes will,
When the road you're trudging seems all up hill.
When funds are low and the debts are high.
And you want to smile, but you have to sigh.
When care is pressing you down a bit.
Rest, if you must, but don't you quit.
Life is queer with its twists and turns.
As everyone of us sometimes learns.
And many a failure turns about
When he might have won had he stuck it out:
Don't give up though the pace seems slow -
You may succeed with another blow.
Success is failure turned inside out -
The silver tint of the clouds of doubt.
And you never can tell how close you are.
It may be near when it seems so far:
So stick to the fight when you're hardest hit
It's when things seem worst that you must not QUIT.

By Anonymous, at 5:12 PM

Piggy, I applaud you for the blog and website. They offer a unique perspective on the bankruptcy process. Your site has been very helpful to me in making the decision to declare myself bankrupt last friday, and living with its consequences.

I hope Anon from 3.08 finds some comfort from the kind words left for her, and seeks practical advice and support. I suffer from depression and understand what it's like to feel that low. I've found finally facing up to my debts to be an almost positive experience. I now have far more hope for the future.

By Anonymous, at 9:21 PM

Hi, I've been searching the net for over a year re. the complicated facts of bankruptcy. My husband was made bankrupt 12 years ago and discharged. Last year we tried to sell our house to downsize and found that unbeknown to us the O.R. had placed a charge on our property, waiting for the beneficial interest to increase, now he wanted all my husbands interest in the property. He had no solicitor with him at the bankruptcy, and was not told that I could buy his interest in our home, then, for £1. On April 1st 2007. due to the Enterprise Act this awfull situation should not happen again. But this doesn't help us. As they quickly put a possession order on our property to cover themselves and prevent the beneficial interest vesting back to my husband. This time at court to try for an annullment we have employed a solicitor, and he a barrister. So if the official receiver doesn't our money. The solicitor and barrister certainly will. We've been waiting a year. Will tell you what happens. Pat.

By Pat, at 10:56 PM

hi' I need help!! i have a problem i am usless with credit i am now 27 and ran up about 10k of debt when i as 18 i chose to knock my loans and cards and go travelling when i returned i moved to london from the north east and i ended up with loads more credit again as i couldnt afford the lifestyle i was living. so ended up with about another 25k under my belt it got to the stage where i simply didnt earn enough to pay my debts so i kept moving around and ignoreing it finaly after about 6 year unble to get credit and back on a stable income' i somehow found myself applying for another credit card online and loan as i had a wedding to pay for. to my amazement it was acepted my one card soon became three which were soon maxed around 11k and i ended up with about 8k in loans. i could afford the repayments and thought it would be fine but then i was made redundent. i am working again but earning alot less
i stoped paying my debts again about 4 mt ago and choose to ignore the letters i dont know what to do i am scared to answer my front door and truely dont know how much debt i am in and whats wrote off i am scared how this will effect my new wife' and worried that i could be in trouble as i may of commited fraud gaing credit and not paying for it.
please can any one advise me on my crazy situation i am in
thanx
steve

By Anonymous, at 8:08 PM

I assume you are a student so you should have had the common sense to know what debt is and how it comes about.

Do we presume it was because you just could not bear to not keep up with the Joneses.

Business debt is different. It is a matter of knowing when to pull out. Business is very hard these days, certainly with Gordon Brown taking everything you earn.

By Richard G K, at 11:05 AM

Hi Piggy
All i can say is glad you got rid of all your baggage ex included-she done us single girls a favour as there are not many clever, caring blokes out there rich or poor.
As my ex did me the favour of going and leaving me with my son and the debt that bit i did'nt like so much! but now im still under 30 just hehe discharged and going to make up for all the day's and nights i stayed in stressed out my head, so anyone reading this who is feeling down DONT i promise u if i got through it u can.
P.S I hope you get to all your goals Piggy x

By Ems, at 6:41 PM

Hi Piggy and all ....
i have been discharged from bankruptcy for 2 years now and while I can accept the financial restrictions put on me what I find VERY difficult to accept is the way financial organisations treat you like a leper. These people have no idea why you went bankrupt yet we are all BAD people akin to criminals. I recently married a wonderful lady yet she is now suffering the same treatment from banks etc. as I do. As our American friends might say 'this sucks'
We are not bad people, just victims of circumstance, I lived with the phone calls from credit companies, had cars repossesed, didn't have food in the house, had a breakdown, was called a parasite by people who didn't know my history.
However, I now live in a great house with my darling wife, we live within our means, we both work hard and earn a resonable wage. Things do change and with more time the financial side of life WILL get better. And to ALL the financial institutions shove your credit up your ....ok I wont say it but you know what I mean.

Cheers
Tim B

By Anonymous, at 9:15 PM

Hi, i am just about to apply for bankruptcy, i am worried not only for me but for my family too, i am 34 and owe about £40k due to my business failing through mis-management on my part. I know there are other options available but i have decided b/r is my only option now.

I fear for my family's possesions, we dont have anything flash just basic things like a tv, hi fi, games consoles etc, and a family car, will they take these from us ? i have 2 small children and would break my heart to see their things taken.
My wife has stood by me while things have gone really bad this last year but i think she is also feeling the strains as i am and it has definately affected our marriage. Although i am sure once this has been sorted out, things will get better between us. I am a big man with much pride but i am scared of the consequences bankruptcy and the stigma surrounding it. Just waiting for my forms to arrive in the post then i can start the process, even had to borrow the money for it ! How degrading !
I will post again and let you know what happens and the affects of it for anyone else feeling the same way as me. Scared and worried. But we need a clean slate and this is my only option now before the bailiffs come back !!

By Anonymous, at 1:30 PM

hey,ive been bankrupted twice in the last 10 years,some my fault,some not,but hey its not the end of the world,ive got my health and job,house is rented,happy bunny really.to all those fretting,pls dont,the courts are cool,the official reciever people couldnt of been nicer,all in all,nothing to worry about at all,least after one year,hey whats one year,,all your money is yours.chin up eh..

By Anonymous, at 9:25 PM

Hi again, well i have received my forms and booked my court appearance, its this tuesday. The form where fairly straight forward to fill in, jsut asking basic questions about money and debts although some of it is quite repetative.

Since making the decision and filling in the forms etc, it feels like a great weight has been lifted from my shoulders and although i have not been declared bankrupt yet i am still looking forward to getting things sorted out now for good.

I have learnt a lot of things lately and the value of family and friends being around you and would just like to say that whilst i assume none of us are proud of the fact sometimes is a necessary step to get life back on track again !

Has anyone ever been refused bankruptcy ???

By Anonymous, at 9:01 AM

I was made bankrupt last June 14th 2007 at 14:21. Lost my 3 businesses, house, etc, etc, etc. Today, 24th January 2008, received a letter from the trustee's of my bankrupcy to tell me I hadn't filled in requested forms, given answers to questions, etc, etc. Spoke to them to point out that I've now done all of this twice, to be told "oh, I'll have to re-check the files"! Asked when I can expect to be discharged to be told "oh, we are still waiting for further information, don't know". I was made, not declared bankrupt and these trustees were chosen by the Council who made me BR, after being offered half the debt in a lump sum and a refinancing package put in front of them. Vindictive little Hitler from the council getting revenge on me in my opinion but thats another story. Is there anything I can do to "jog" them along as I think its rediclulous that it all seems to be dragging on without any light at the end of the tunnel. Thanks.

By THEAXEL, at 11:52 PM

Hello. I'm writing from the other side of the coin, looking for help for my sister. She has split from her long term partner with whom she has children. Both have debts but she has hers under control and he has not. She has been paying the mortgage on their house now for over a year and brought all the equity to the purchase. She has also payed all the bills including food and clothing for the whole family for over 2 years.
They have agreed to put the house in her name but the bank won't let her even after clearing the arrears and paying the mortgage for the specified time period because of the risk of him declaring himself bankrupt.
If he declares himself bankrupt, what are the possibilities that she will lose the house?
Please help.

By Anonymous, at 1:10 PM

Hi. My husband and myself have had a really tough time. I was sexually harrassed by my manager in work, who got off lightly. My husband works with me, so was aware of the situation. Both of us had to move away to a new office. We both turned to alcohol as a way out, and ended up with around 50k between us. our bank gave us a secured loan of 40k but our home was only worth 65k!!!!! We now live in a studio, have no money....(and thats serious)and don't go anywhere. We basically just live! We have a fantastic relationship...........and if one good thing comes out of this is that we are closer than any couple around. We have a date for court on 13 march...my husbands parents said we could stay with them for a few weeks to save a deposit for rent. with us being bankrupt would that effect them???? His sister is being so nasty aabout it and is putting obstacles in the way. If they take the house how long do we have to move???? please all advise will be taken. Cheers G x

By Gemz, at 12:25 AM

sudhi there just about to make myself bankrupt but has taken a while to make that decision.
so what do i expect havent got a clue! but the blog shows that there is hope thankyou

gabby

By Anonymous, at 6:59 AM

Apologies to all of you that have written so much, there's only a certain amount that can be read in a lunch hour.
I thought it would be a good idea to say a few words of reassurance for the benefit of those pondering big B or worse!
So here I go with my missive.
After 12 years in business, times got tough for me and following some failed rescue bids - diversifying, different ads, staff cuts, staff increases, you name it - I told my long suffering wife that I would close the business at the end of Aug 06. But, before that, things got even worse; one major hit was becoming someone else's creditor for over £1000 ( with no chance of getting it).
I decided to shut shop and ceased trading in April, but didn't know what my options were.
I consulted an insolvency practictioner, who after filling in a short questionaire told me that my only option was bankruptcy. Debts were around £100,000.
Most of this accumulated in a period of less than 2 years and prior to that I was servicing loans quite easily.
Anyway, after filing, bankruptcy was granted June06.
I won't go on but just wanted to say;
Don't let things build up, get advice early.
Don't transfer your debts to more and more credit cards. I had 13 in the end.
Don't regard bankruptcy as the end. I'm debt free now and would have died owing that lot.
The official receiver, in my experience, is helpful, listens and advises. DON'T LIE TO THEM AND DON'T HIDE ANYTHING.
Bite your tongue when dealing with an appointed trustee - they are only interested in money, but you must cooperate.
Don't even think about suicide. You are never too old. I'm 51, had a great life, fantastic jobs and experiences, marraige, child, divorce, redundancy, sacking. My wife stood by me (I know I'm lucky)through this and took some of the hit financially.
I've now got a new bank account, live on the breadline, still not quite free of the aforementioned shackles, but looking forward to new opportunities, so I can pull myself back up and enjoy the next 50 years!
Love your life and live it.

By Anonymous, at 2:28 PM

I wish this site had been available in 2002! I was 22 when I went bankrupt for £16,500 debts, at the time I was jobless and a single mother, I considered suicide too but didn't for the sake of my daughter. Everything seems grey when you are in debt, grey and bleak and pointless, for me, rich was being able to afford cheese or a paper once in a while! It was my own fault I got into debt, I was a reckless spender as a teenager and was given far too much credit too young, I could pay off my debts at first, but getting pregnant then having no childcare changed everything, I had not factored in life's unexpected changes! So in 2002 as a 'present' my family paid for my bankruptcy, it was a drastic step but I needed a clean start.

Well, now it's 4 years since my discharge (I was one of the last to serve the two year bankruptcy), my life is fantastic. I am clean of debts, have a good job and even have a credit card and a debit card account! If you are in a bad way right now then trust me - things really do get better, all it takes is time, just remember when you do start getting credit again - be careful, but then you will anyway - us bankrupts have learnt things the hard way and often are the best with money afterwards - I wish banks would factor this in sometimes, but as I said, after 4 years, all I had to do was show a discharge certificate and I am enjoying almost the same perks as anyone else, the only difference is I pay higher interest which I always expected to, my bankruptcy is now firmly in the past. Keep strong everyone!

By Anonymous, at 7:26 PM

hi is there anyone out there who has had trouble with a trustee who was appointed by the secretary of state.
My husband and I were in partership together but were made bankrupt

As we had assets tied up in property bless his heart he rubbed his hands with delight at the boost to his fees.

As debts were around 29k assets realised around 90k there should have been a little left over even after paying interest to creditors.

The result after his fees and expenses we recieved zero. We are happy creditors were paid but these parasites make loan sharks positively cuddly.

By Anonymous, at 9:19 PM

In 2001 my partner & I went out separate ways, I had the kids and the debt. A familar story! I had made arrangements with all my creditors to pay them monthly amounts, which I did each month, this was with the help of the CAB, though they did advice me to bankrupt myself, however, I wanted to pay the bills off. Finally last year I took their advice and went bankrupt. The procedure was fairly straight forward but no one warned me that any tax that was normally deducted from my wages would now not be deducted from my pay but I would have to send that amount to the official receiver. I have not received any of the working or child tax credits since I went bankrupt either. Inland Revenue have not even replied to any of my letters, is this usual? I have been discharged since February and now I need to know what do I do and where to I go to start repairing my credit history.

By Anonymous, at 10:09 AM

reading all these bloggs has given me the courage to declare bankruptcy,im gonna ring the court tomoz.everything you all say is so true,ive been thru all those "bad" thoughts,but my son has kept me going.my ex husband ran off to leave me and our son homeless,and with joint debt probably over £100,000,for mortgage and loan secured on house,being repossessed in july,got to throw ourselves at the mercy of housing association.had to give up work as my son has adhd and has been unable to attend school properly.feel very bitter that i will loose all my credit facilities and be treated worse than someone that harms children.all i did was marry a lying spendaholic.things can only get better- i hope

By Anonymous, at 11:21 PM

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