I've been a "Lurker" for the past 24 hours having only just found this site which is wonderful.
I think I'm at the start of the process of pulling my head out of the sand but I'm terrified - bankruptcy seems my best option but I feel so mentally unable to cope with the whole process - all the paperwork collation etc., I am hiding under my duvet watching the hours to the inevitable tick swiftly past.
I know I need to speak to someone, (I've already called Community Legal Services who were very helpful), but I am so frozen I can't even seem to do that. My problem is that I have an additional legal query that they weren't really able to answer and it's stopping me going any further as I'm terrified. I don't really want to put the details on here.
It's down to my own stupidity but my cowardice is stopping me being able to sort my life out.
I no longer have many close friends to talk to (work obliterated any social life! I'm now unemployed), and don't want to burden those I do have as they have such a lot going on in their lives at the moment, and the only relative I have who I could talk to is too elderly to be worried about me in this way.
I must apologise, I didn't mean to overdo the misery! I wanted to say that the support on here looks practical and amazing so I'm sure I'll find the help I need, I've already learned a lot from lurking.
My situation is an interest-only mortgage (no arrears yet), secured loan (ditto) and £21k of unsecured debt. In a few weeks I will be unable to pay any of them.
Selling the house would cover the mortgage but not the second one and not the selling costs so it looks as though I would have to hand back the keys and that is where my terror comes in.
I'm sorry I can't explain what it is - I dont know how I expect you to help me if I cant give you the full details?!..I think I just needed to write it down and hope someone would give me a kick up the bum!
Good luck to all who are going through this process and thank you for this forum