- Mon Mar 07, 2005 2:57 pm
Hi, My husband have got ourselves into a big mess,I was working, had 3 car accidents-none my fault-solicitors stuffed me up ,so didn,t get much compensation only £2500.but we borrowed becouse we thought we would have LOE but didn't. we were going to go for a DMP but it was going to take 21 years to pay off,So are looking at Bankruptcy. I have run my own business for a year,it was going reasonably but with our personal finances totally shot we have decided to close it--I hope I am doing the right thing.
I know the house will go-mortgaged-But what is classed as basic items you need in your home ? washing machine,tv, computer(2 years old). as my daughter bought a DVD player which we use in the lounge--would this go?would sky tv and the internet go?-even if my daughter was paying for them, -they are in our name and come from our bank account but she gives me the money to pay in each month.
My daughter is 17 and lives at home-will her bit and bobs be ok?.
I am trying to be logical and get myself prepared.
Thanks for any help