Monthly Archives: January 2011

Hi everyone – I write this whilst being in a very bad place indeed – Well I am 40 and my wife 41. We have always paid our bills and are proud people with my 14 years service in the forces. I have Multiple Sclerosis and attempted to take my own life on the 10th of October.

Our house is just too big for us. It is a 5 bed detached, which was bought 6 years ago when I had a good job. We need to move but just can’t sell and are in about £23k of negative equity to what the house is worth now. Add onto that the Northern Rock early redemption fee of 10k plus about 17k in other debts then you can see we are in the crap! A family friend suggested we go bankrupt so we are in the position now where we are looking for a rented property and then hand back the keys to Northern Rock.

Sounds so simple but its so bloody stressful with my marriage almost at breaking point! Although the family friend is helpful he tells us to stop paying our bills one minute and then the next says yeah you can pay them if you want to…. there are other situations like that and it just gets too much!!! Should we move out of the house into rented? After all this is what will put us in to bankruptcy right and then do we have to wait for Northern Rock to sell the house before they can tell us how much we owe before we can apply for bankruptcy? My god my head is spinning.

I haven’t been at work since the overdose as the stress with all of this and the overdose has really affected my MS and I’m loosing just over £1k per month in my wages. I / WE just want someone who knows 100% what they are doing to say to us.

Right Do This….
Right Do That….

Right Don’t Spend any more money…

The thing is that after the overdose I took out a 10k loan and then they bloody gave me a credit card whilst I was withdrawing 6k from the bank and I’m just spending and spending…like I need a new wheelchair so I’m buying one with the money. Both my wife and me are so down its unbelievable – both on anti depressants.

ALL WE NEED IS FOR SOMEONE TO WALK US THROUGH IT AND HOLDS OUR HANDS AND ASSURE US IT WILL BE OK.

Thanks guys and I feel better for ranting all of this.

xx Mike

My wife and I became Discharge bankrupts at the end of August.Five years ago I was employed as an AA Patrol who took redundancy and has struggled to find the right job since, hence ended up being bankrupt. This year I was able to go back to AA as a Recovery Driver through an agency. This was for six months with a possibility of being taken on as full-time patrol.

However in the last five years the AA has come under the umbrella of the FSA due to selling insurances including AA membership which I was doing five years earlier when the FSA did not exist. Of course my application has been turned down even though the selling of membership is only a small part of the job when there are cars needed to be recovered.

I find this of double standards as I was able to do the job as an agency driver and it makes me wonder if any of the regular staff of the AA have credit problems or have had to go bankrupt and are still working for the AA.

I intend to investigate this as I really would like to go back to a job that I enjoy doing.